Offshore
As offshore specialists we are regularly engaged by our insurer clients to assist them in navigating through complex multi-jurisdictional disputes. We routinely work alongside offshore lawyers and accountants in all the major jurisdictions to resolve offshore disputes.
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Our market leading offshore team has extensive expertise in handling claims for insurers in a vast number of offshore jurisdictions. This includes claims notified under D&O, Trustee Liability, FI and professional indemnity policies.
We are engaged in the full spectrum of work from coverage disputes in offshore jurisdictions to monitoring all aspects of litigation, arbitration and regulatory investigations.
This often involves advising on complex coverage issues and engaging with local lawyers and other professionals on behalf of insurers to ensure efficient and cost-effective management of claims.
Our lawyers are currently working on some of the most commercially sensitive matters involving claims in offshore jurisdictions against financial institutions, corporate service providers, traditional professionals and other corporates.
We are frequently engaged to assist in the most high-profile claims in:
- Bermuda
- BVI
- Caribbean
- Cayman Islands
- Cyprus
- Gibraltar
- Guernsey
- Jersey
- Luxembourg
- Isle of Man
Through our work in this area, we have developed longstanding relationships with professionals in all of the above jurisdictions to ensure a seamless service to insurers.
We also assist insurer clients in all aspects of policy drafting across the offshore sector.
Featured experience
- Advising a tower of London Market Insurers regarding policy response following the collapse of a £100m Guernsey Trust Fund. This claim involved working with various stakeholders in multiple jurisdictions to resolve the matter by way of mediation in Jersey.
- Acting as monitoring counsel for Excess Layer Insurers in respect of a Cayman Islands arbitration concerning alleged negligence by a firm of offshore accountants.
- Advising a global programme of insurers regarding policy response following the collapse of a Gibraltar based financial institution.
- Providing coverage advice in respect of a Guernsey Financial Services Commission investigation into a director who had been heavily involved in a network of offshore companies with links to the Syrian and Azerbaijani ruling families. We engaged with various global law enforcement agencies to provide advice to insurers regarding policy avoidance.
- Representing Insurers in a Class Action claim against an offshore Corporate Service Provider who acted as a Note Trustee in what transpired to be a fraudulent Ponzi Scheme.
- Advising insurers on coverage and thereafter monitoring a claim in Cyprus following the collapse of a large financial institution.
- Assisting a tower of London Market Insurers following a large multi-year fraud committed by a solicitor in the Isle of Man.
Related services
D&O and Financial Institutions
Our extensive experience from across the globe covers both financial institutions and commercial Director & Officers (D&O) matters.
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Directors and Officers
Our global D&O team has an established reputation advising insurers and reinsurers worldwide on all aspects of claims and issues affecting commercial entities and their directors and officers.
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Dispute Resolution
Our Dispute Resolution team has an established reputation for handling complex, high value commercial disputes and achieving successful and pragmatic solutions for our clients.
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Financial Institutions
Our global team has an established reputation advising insurers and reinsurers on all aspects of claims and issues affecting financial institutions.
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Offshore
Our experienced team of offshore experts provide commercially focused advice to insurer clients concerning the most complex claims in the offshore market.
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Who we are
Why choose DAC Beachcroft?
We’re a broad-based commercial firm serving a wide range of sectors with a strong heritage in insurance,
health and real estate. We combine excellent legal skills and cutting-edge delivery expertise to design
solutions that fit the needs of our clients – often involving clever uses of technology.
Insurance
DAC Beachcroft is recognised as a pre-eminent advisor to the insurance market, and we place a strong emphasis on the long-term relationships we build with you so that we can really add value to your business.
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Health and Social Care
DAC Beachcroft is regarded as market leaders in the provision of corporate, commercial and regulatory legal advice to healthcare providers.
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Real Estate
With 170 lawyers we are one of the largest Real Estate legal teams in the UK. Our extensive network gives us national, regional and local knowledge and access.
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Financial Services
We regularly advise product designers and manufacturers, trade bodies, and retailers, distributors and venture capitalists looking to invest in the financial services sector.
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Technology
As long-standing and trusted advisers in the technology sector, we deliver pragmatic and innovative solutions that empower you to make informed decisions about how best to maximise your success.
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Industry Specialisms
We combine our in-depth sector knowledge with astute commercial awareness and global reach.
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