Insurance

Corrs' insurance law team offers a comprehensive range of services to advance and protect the interests of both its insurer and insured clients.

Our areas of expertise and service include:

• construction risk
• professional indemnity
• directors and officers liability
• public and product liability
• regulatory insurance law
• reinsurance
• policy drafting and advice
• insurance-related insolvency issues

The size, structure and experience of our team ensures that our clients have access to the best and most commercially-effective advice. Our commitment to stay abreast of developments in the Australian legal and regulatory environment means that we are able to swiftly pinpoint the direct implications of change in that environment for our clients.

In recent years, major transactions or matters in which we have acted include:

• acting for Suncorp Metway Limited in the acquisition from AMP Limited of GIO General Limited;
• acting for and representing the Australian Prudential Regulation Authority in and in connection with the HIH Royal Commission;
• acting for a major party to the GIO class action litigation;
• acting for a newly-established Australian specialist insurer in obtaining regulatory approval from the Australian Prudential Regulation Authority to carry on business as an authorised insurer in Australia.

The range of insurance legal services provided by Corrs includes the following:

• managing the mutual interests of insurer and insured in the defence of third party claims;
• acting for insurers in dispute with insureds concerning entitlement to indemnity;
• acting for insureds in dispute with insurers concerning entitlement to indemnity;
• acting for and advising principals and contractors with respect to the risk-allocation/indemnity/insurance regimes in relation to major design and construct and/or infrastructure projects.