Insurance: Policyholder
Asia-Pacific Guide 2025 : Australia
Band 2
Email address
[email protected]Contact number
+61 2 9258 6000About
Provided by Ashurst
Department: Insurance
Partner for this department: Rehana Box
No of employees in department: 12
Our insurance team includes experts with unique specialties, encompassing, in addition to general areas, niche areas of insurance law. This breadth and depth of scope enables Ashurst to offer clients insurance advice and solutions in the context of construction projects, M&A transactions, environmental matters and numerous other areas.
Our insurance industry clients value our understanding of the regulatory environment in which they operate and our ability to provide advice that takes into account their business environment.
We are leading advisors to some of Australia's largest insurers on a broad range of regulatory and non-contentious issues including capital adequacy, product development, insurance portfolio transfers, white labelling, captive insurance arrangements, distribution arrangements, reinsurance and regulatory compliance issues. We are also long term advisors to insureds, our work for insureds on non-contentious insurance matters is unmatched.
We are leading the market in evolving areas such as cyber insurance. Our team bring particular insight into current market practice and a practical understanding on a range of cyber risk matters and cyber insurance reviews. Our contractual insurance terms have become benchmarks in Australia. We have also recently worked to develop innovative trade credit insurance arrangements, an insurance increasingly prominent given COVID19.
Chambers Review
Ashurst's impressive group offers extensive expertise in policyholder work, particularly D&O, warranty and indemnity matters, and is well placed to advise on the placement of insurance for acquisitions, business risk, construction and sustainment. The firm also regularly advises blue-chip insurer clients on a range of non-contentious issues including policy development and insurance M&A. The insurance team are increasingly active in the growing area of cyber insurance law, with experience advising on a range of cyber risk matters and cyber insurance reviews. Ashurst is able to draw on the firm's global reach in order to service international matters.
Work Highlights
- Ashurst acted for White Oak Commercial Finance Europe (Non-Levered) in its litigation to recover over A$200 million from Insurance Australia, Tokio Marine & Nichido Fire Insurance, Greg Brereton and Bond and Credit Company, arising from losses it suffered in connection with its investment in a trade debt securitisation programme.
- Ashurst advised BMS Group on its recent acquisitions of Bluebook Insurance Brokers, Western United Financial Services, Austbrokers Coast to Coast, Gard Insurance and others.
Notable Practitioners
Rehana Box is widely acknowledged as a standout practitioner in the insurance space generally, and especially where non-contentious issues are concerned. Based in Sydney, she acts particularly prominently on transactional and regulatory matters, including cross-border mandates.
"She is exceptional in the insurance regulatory space and very technically proficient."
"Rehana is doing an excellent job on the most complex litigation in Australia at the moment, managing the clients and high-level strategic course with counsel for the direction of the case."