Insurance Risk Management
At SNR Denton, we recognize the increasingly
complex nature of the business environments in which our clients
operate. All businesses today face a myriad of risks.
Our risk management group operates across the full range of our
international network to deliver swift solutions that address the
legal, practical and commercial issues businesses face in today’s
unpredictable world.
Our team regularly advises our commercial
clients, financial institutions and insurance market players on the
extent to which insurance and alternative means of risk transfer
can be used to manage particular risks. We regularly review
and negotiate agreements relating to commercial insurance
programs. Our aim is to ensure that the risk transfer is
robust and that the coverage protects the relevant interest to the
maximum extent possible.
In a market characterized by unprecedented
volatility, the legal and regulatory issues surrounding insurance
matters are of critical concern. Our lawyers are particularly
experienced with issues related to financially impaired companies,
including insurer insolvencies, disengagement transactions and on
the various state/industry funded policy holder protections
applicable across the range of our international network.
We regularly advise corporate risk managers,
their brokers, senior management and corporate counsel on
significant insurance and reinsurance matters, including matters of
self-insurance, protection of policyholder collateral, the use of
"cut through" clauses, direct procurement, workers’ compensation,
premium allocation and taxation, claims handling, risk retention
and domestic and off-shore captive facilities.
At SNR Denton, we also undertake a wide
range of due diligence work in connection with commercial insurance
arrangements required as part of a lender's security package, or in
connection with large-scale technological, transport, construction
and infrastructure, and trade finance projects. Our clients
include international financiers, government agencies and companies
across a range of sectors and service lines.
Our in-depth understanding of the
cross-border regulatory environments, combined with our insurance
industry focus and corporate expertise, allows us to put together
multi disciplinary teams to assess risk and provide advice as to
how it can most effectively be reduced. As part of our risk
management service we will work with you to assess and proactively
manage the operational risks your business faces.
Whether your most pressing concern is to
address environmental legacy liabilities; to protect your
intellectual property rights; to audit data protection regimes or
to assess your regulatory risks, we will put together the right
team to advise you on the legal "framework" surrounding the
risk. More importantly, however, will we also help you to
minimize its effect on your business, and maximize your ability to
transfer the risk in the event it arises.
SNR Denton is the go-to international law
firm for all your risk management needs.
Areas of Focus:
- Insurance program reviews
- Global Corporate Insurance Programs
- Regulatory regime reviews
- Coverage and Litigation Exposures
- Contractual warranty/indemnity
exposure
- Corporate Governance
- Enterprise Risk Management
Initiatives
- Loss Portfolio Transfers
- Environmental/Data protection audits
- Policy Buy-Backs and other Disengagement
Transactions
- Domestic and Off-Shore Captive
Facilities