Our firm is regularly retained as monitoring counsel or coverage counsel by French and foreign insurance companies in connection with losses triggering their insurance coverage.

The firm’s areas of involvement include the following types of coverage:

  • Directors and Officers Liability (D&O)
  • Employment Practices Liability (EPL)
  • Insurance covering Initial Public Offerings (IPOs)
  • Financial Institution Coverages, Comprehensive Insurance Policies for Banks
  • Errors and Omissions, Professional Liability
  • Insurance Covering Acts of Fraud
  • Warranties and Indemnity Insurance (M&A)

Representative Examples of Services Recently Provided

  • Legal counselling, representation and/or defense in court of:

- primary and/or excess insurers in connection with directors and officers liability proceedings pending in French, U.S., British, Italian and other courts
- a British transporter in connection with a matter involving employer and D&O liability and implicating its French subsidiary
- the French subsidiary of a British banking institution in professional liability litigation matters relating to investments, structured products, etc. (private banking, estate management)
- a high level investment manager in connection with his errors and omissions liability coverage 
- an international insurance company in connection with a liability action against its insured in the Dominican Republic arising out of a significant theft 
- a Luxembourg-based asset manager in connection with liability coverage for errors or omissions relating to management of various asset portfolios 

  • Drafting of insurance policy language for a range of policies in order to tailor them for the French insurance market: 

- standard business coverage
- coverage for financial institutions
- coverage for privately owned companies and those listed on the stock market
- warranty and indemnity insurance (for both the acquiring company and the company being acquired) 
- insurance covering acts of fraud 

  • Monitoring of D&O liability litigation in Italy on behalf of management of a French financial institution, legal counselling on local application of coverage