Financial Institutions - DAC Beachcroft
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Financial Institutions

We work closely with many leading investment and retail banks, as well as their insurers, to provide a full range of legal services from policy wordings through to claims strategy.

We are also experts in advising financial advisers, trustees, pensions administrators and trustees, hedge funds, private equity and venture capital firms and their insurers in defending a wide variety of claims, providing them with advice on coverage, and also on strategic issues and on the mitigation of future risks. Our profile in this area is demonstrated by the fact that we act for some of the largest national networks of financial advisers, mortgage and insurance intermediaries, sole practitioner IFAs, private banking arms of retail banks, wealth management business of investment banks, and leading life companies.

The scope of our expertise also extends to dealing with cash-in-transit, commercial crime, cyber-crime, bankers banker bond and fidelity risks.

We have a strong track record of dealing with some of the largest FI claims in the market.

Our team has extensive experience of defending all of the major issues experienced by the financial services industry over recent times. This includes the pensions review, serps, endowment mis-selling, PPI, Lehmans, Madoff, Stanford, unregulated collective investment schemes, hedge funds, offshore trusts, and more recently tax avoidance schemes.

We advise insurers on all of the related coverage issue under the Civil Liability section. Currently, we are advising on issues such as whether a policy responds to a consumer redress scheme in the absence of a formal claim being made or threatened against the insured, and the breadth of the mitigation costs provision, which might be triggered to cover the redress payments in full, even in circumstances where insurers' prior consent has not been provided.

We are experienced in dealing with the whole spectrum of regulation including liaising with the financial Ombudsmen Services, HMRC, SFO, the FSCS and other entities. Our global team can also advise on matters involving international regulators, such as the SEC. Our lawyers are also able to give advice on all aspects of the FCS investigation process, including advice on FSMA.

We operate with dedicated, partner-led teams from London, Dublin, New Zealand, Madrid, Mexico, Colombia, Chile and Singapore, providing comprehensive legal services to international clients and the London market. We have an association with Phoenix Law in India and strong associations with firms in Brazil, Canada, Australia and Malaysia. We also have a representative office in New York.

What we do

DAC Beachcroft is the market-leading specialist international insurance law firm. Our unique offering includes:

  • An international cross-class capability, covering the full range of claims from the systemised to bespoke;
  • Advisory work for insurers covering corporate, regulatory and commercial
    international coverage.

We work with almost all of the world's leading insurance companies. We have expertise and experience across the entire sector. Our long history of commitment to, and investment in, the insurance sector means we have an unrivalled depth of experience and breadth of insight.

Our international reach includes a presence in key insurance markets across the UK, Europe, Asia-Pacific and Latin America, as well as formal relationships with law firms in India, North America and elsewhere.

Detailed elements of our services

  • Policy wording
  • Coverage advice
  • Bankers’ Blanket Bond risks
  • Fidelity claims
  • Loss in premises/transit risks
  • Civil liability
  • Regulatory advice
  • Risk mitigation

What our clients say

"An innovative firm that never fails to deliver ... They are able to mobilise a strong team whatever the size of the claim." Chambers and Partners 2015 Edition, London 2015

"DAC Beachcroft LLP is ‘prompt, excellent and understands the needs of the client.'" Legal 500, London 2015

“A very progressive firm with extensive knowledge of the compensation landscape in Ireland – has a vibrant defence litigation team which specialises in professional indemnity." Legal 500 Europe, Middle East and Africa, 2014 Edition, Insurance: Ireland

“Co-ordination with the firm’s Latin American offices is so good; there is a seamless flow of information. The firm has a strong base in London and Madrid, with lawyers in Latin America who have knowledge of the local market and can go out and interview relevant parties.” Chambers and Partners 2015 Edition, Insurance - Latin-America wide

“The team is tremendously practical and very competitive; it’s hard to beat for insurance matters ... All the partners, including the most junior, provide an excellent service. They are all very good at what they do.” Chambers and Partners 2015 Edition, Insurance - Spain

“They’re meticulous in their work and focused on achieving the goal ... They have a strong ability to manage the relationship and make sure our needs as clients are met.” Chambers and Partners 2015 Edition, Insurance - Singapore

“We hold them in high regard, we find them very efficient and the level of communication is excellent.” Chambers and Partners 2015 Edition, Insurance – New Zealand

“They offer excellent support and advice. They have empathy for the customer, a depth of knowledge in the market and the drive to complete a task on time.” Chambers and Partners 2015 Edition, Insurance - Mexico

“The team delivers a great client service and we can absolutely rely on them. They understand our needs and are totally worth their fees.” Chambers and Partners 2015 Edition, Insurance - Chile

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