Financial Lines/Directors & Officers/Management Liability
The Financial Lines/Directors & Officers/Management Liability (the "Financial Lines") practice spans both coverage and reinsurance matters for domestic and international insurance and reinsurance clients worldwide. We have been involved as both litigation and monitoring counsel in a broad range of contentious and non-contentious matters, including many of the largest D&O/E&O claims by multi-national insureds. Our experience ranges from investigations initiated by financial regulatory authorities to claims by shareholders alleging securities violations and/or breaches of fiduciary duty. We also act as defense and coverage counsel on professional malpractice/indemnity matters, including claims brought against architects, engineers, lawyers, brokers, and doctors.
Our team has in-depth experience with local financial services laws in the UK, the US, Bermuda, the Far East, the Americas, Europe, and Asia/Australia. A number of our lawyers are qualified in multiple jurisdictions, and our clients come to us because we can advise them on the full range of their international insurance and reinsurance business. In addition, we have the unique opportunity to partner with C&M International, an international trade and investment consulting firm affiliated with Crowell & Moring. Together with C&M International, we bring to our clients an informed and practical approach to the challenging issues confronted by financial lines insurers due to an increased focus on the regulation of international business practices under the Foreign Corrupt Practices Act/RICO and similar statutes and regulations.
Major components of our Financial Lines practice include: Business Advice, Coverage Counseling and Dispute Resolution Representations.
Business Advice. Our lawyers have substantial experience in the international insurance and reinsurance markets, and we regularly advise our clients on their business strategies and plans. We are commonly instructed by clients to draft policy wordings on a wide range of specific financial lines liability issues.
Coverage Counseling. Our team provides coverage advice and claims monitoring services about diverse types of insured risks affecting financial institutions which are listed on AIM and NYSE/NASDAQ/FTSE, as well as other financial institutions such as investment banks, hedge funds and private equity/venture capital firms. We also advise international insurers and reinsurers in relation to E&O and professional indemnity policy coverage of a variety of professional risks, including architects, engineers, lawyers, brokers, and doctors.
Dispute Resolution. We regularly represent clients in both litigation and arbitration based on insurance and reinsurance disputes involving financial lines, Errors & Omissions and other professional malpractice/indemnity issues.
For more information on Crowell & Moring's Financial Lines Team, please contact Deirdre G. Johnson, Patricia Connally or Christa Thorpe in Washington, DC at (202) 624-2500, or Jack N. Thomas in New York at (212) 895-4306.