Financial & Commercial Risks

Our Financial & Commercial Risks practice area is led by Fenchurch Law Partners Joanna Grant and Aaron Le Marquer, with support from Managing Partner David Pryce in relation to Cyber Risks, Reinsurance, and International Risks. Joanna and Aaron’s team of specialist lawyers represent policyholders insured against a range of financial and commercial risks, often under highly bespoke specialty business lines.

Our Financial & Commercial Risks team frequently advises multinational enterprises on claims with a cross border element, and we are skilled at managing complex jurisdictional issues arising in respect of international risks and losses from all parts of the world insured into the London Market.

Our specialist solicitors have proven expertise in relation to all aspects of financial and commercial insurance dispute resolution across a range of industry sectors, including claims on the following policy types:

• Directors’ and Officers’
• Trade Credit and Political Risk
• Financial Institutions
• Transactional Risks: Warranty and Indemnity, POSI, Tax Indemnity and Contingent Liability
• Crime and Fidelity
• Technology/Cyber
• Political Violence and Terrorism
• Employer’s Liability
• Kidnap & Ransom
• Reinsurance

Our lawyers are highly experienced in dealing with all relevant legal issues, including:

• Late notification
• Breach of conditions precedent
• Scope of cover disputes
• Misrepresentation and nondisclosure
• Gaps in cover between policy years
• Application of recent legislation:
  • Insurance Act 2015
  • Enterprise Act 2016
  • Third Parties (Rights against Insurers) Act 2010

The world of risk is constantly evolving and no sector has developed as quickly as Communications and Information Technology over the past 20 years, impacting every aspect of our lives. With such significant change comes a whole new range of risks, such as cyber and related risks. While the London Insurance Market has led the world in developing insurance against those new risks, the pace of change means that it simply isn’t possible for existing insurance products to fit the emerging risks perfectly in every case. That imperfect fit causes frequent disputes about whether particular losses are or aren’t covered by particular insurance policies. Our experienced, specialist lawyers operate at the leading edge of the emerging risk landscape, and our clients include some of the world’s best known and most innovative businesses.

At whatever stage of a case Fenchurch Law becomes involved, we always work proactively with all parties involved in order to achieve the most appropriate and fair solution to coverage disputes as efficiently and cost effectively as possible. We work particularly closely and collaboratively with insurance brokers, combining our legal skills with their commercial leverage to achieve the best possible outcome for every one of our clients.