Insurance

  Overview  

Our Expertise


Skrine has represented both local and foreign clients in respect of insurance disputes. Our lawyers are highly experienced in insurance law.

 

Notable Experience

  • Acted for and advised a leading reinsurance operator/the world's first Sharia compliant in a reinsurance dispute involving a claim in excess of RM22 million and a counterclaim in the region of RM400,000. Matter was finally settled out-of-court.
     
  • Defended a leading reinsurance company in a reinsurance dispute involving a disputed debt of RM20.5 million.
     
  • Advised and acted for a major and leading reinsurance company in a reinsurance dispute involving Facultative Reinsurance Agreements and Original Policy. The total disputed debt is in excess of RM800,000.00. An issue arose as to whether the Facultative Reinsurance Agreements contain an arbitration clause which refers all disputes between the parties, including those concerning the amount of any loss or damage arising from the Facultative Reinsurance Agreements to arbitration.
     
  • Advised and acted for a reinsurance company in a reinsurance dispute involving Retrocession Contract. The disputed debt amounted to USD5,806,673.06. We successfully struck out the suit on the ground of multiplicity of proceedings.
     
  • Advised and acted for a leading reinsurance organisation in Malaysia in a reinsurance dispute against an Indian insurer involving a sum of USD111,576.00 arising out of the 2011 Thailand floods.
     
  • Advised and acted for a leading reinsurance company in Malaysia against an insurance company in Thailand over a retrocession treaty dispute involving a sum of USD274,219.00 arising out of the 2011 Thailand floods.
     
  • Defended a major and leading insurance company in Malaysia in a dispute regarding nomination in insurance policy.
  • Acted for one of the country’s largest life insurers in a dispute regarding repudiation of policy on the ground of non-disclosure of material facts.
  • Advised a leading multinational corporation on coverage of Group Term Life Insurance and Group Personal Accident Policies taken out by the corporation/employer for the benefit of the employees.
  • Advised and acted for one of the top two life insurance players in Malaysia in a dispute concerning misrepresentation and breach of insurance policy.
  • Advised a leading integrated telecommunications company in Malaysia on coverage of Directors and Officers Liability Insurance Policy.
  • Advised insurer regarding unlawful and/or unauthorized use of insurer’s name in pamphlet / leaflet circulated to the public.
  • Advised a leading insurance company in a dispute regarding termination of Agent’s Agreement and Agency Manager’s Agreement.
  • Advised on coverage of Professional Indemnity Insurance policy.
  • Advised on interpretation of various sections in the Malaysia Insurance Act 1996 (the “Act”) in particular interpretation of the words “intimation of claim” under Section 161(1) of the Act in respect of payment of interest at 4% per annum on delayed payment to claimants.
  • Advised on coverage of Terrorism and Sabotage Insurance.
  • Advised on payment of policy monies under a life policy and personal accident policy.
  • Advised a company listed on the main Board of the Bursa Malaysia and the pioneer and industry leader in the 4-digit numbers forecast betting game on coverage of Lotteries, Games and Totalisator Services Errors and Omissions Indemnity Insurance.
  • Advised on policy coverage in respect of Public Liability Insurance, Erection All Risks Insurance and Commercial Vehicle Policy.

 
ACCOLADES & AWARDS

Skrine Retains Who’s Who Legal Accolade for Malaysia

On 15th May 2017, the Who’s Who Global Awards was held in London, United Kingdom and Skrine was conferred the Award:

Malaysia Law Firm of the Year 2017

Skrine previously received this Award in 2013, 2014, 2015 and 2016.

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SKRINE Clinches Top Honours at ALB Malaysia Law Awards 2017

On 6th April 2017, the Asian Legal Business Malaysia Law Awards was held and SKRINE was named

Malaysia Law Firm of the Year 2017

SKRINE also bagged 5 other awards

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Asialaw Profiles 2017

The Asialaw Profiles has ranked Skrine as Outstanding Firm and particularly highlighting the following practice areas:

Outstanding Firm

  • Competition & Antitrust
  • Corporate/M&A
  • Dispute Resolution
  • Energy & Natural Resources
  • Intellectual Property
  • IT, Telco & Media
  • Project & Infrastructure

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