Leading Australian and international reinsurance companies look to Mallesons to advise on complex reinsurance issues and contracts and resolve major disputes. Clients benefit from our team of industry specialists across the region, who draw on their extensive experience of the Australian and international insurance and reinsurance markets.
Australia’s reinsurance market has remained strong over the last 18 months, in contrast to its international counterparts. Large property losses caused by storms and flooding in Queensland, Victoria and Western Australia as well as the bushfires in Victoria have featured prominently. Our team has been engaged with these issues for various insurance interests, at both the direct and reinsurance levels.
Our ability to draw upon a team of litigation and arbitration specialists enables us to resolve disputes as smoothly as possible, with our clients’ interests driving strategy at all times. In the last 12 months, our team has been at forefront of developments in this area, including a decision in the New South Wales Court of Appeal that the full relief provisions of the NSW Insurance Act could be applied to contracts of reinsurance. The matter is now on appeal to the High Court.