We offer a full complement of legal services in the insurance industry. We act on behalf of a number of major insurers in respect of both short- and long-term insurance.
Our services include the following:
Advice on insurance legislation, Litigation on policy liability or repudiated claims, Compliance with the applicable legislation, Assessment of liability on policy, Product liability claims, Interpretation of policy wording, Subrogated recoveries of damages and defenses, Fire claims litigation, Loss of production litigation and Advice on regulatory aspects.
We assist our clients to stay compliant with the Financial Service Board and its implementing regulations. We have assisted leading insurance companies with all aspects of insurance and reinsurance transactional and regulatory matters. We have also advised foreign insurers, sureties, and intermediaries on establishing and licensing their presence in South Africa, as well as with meeting solvency requirements and other local regulations.
In particular, our full range of insurance-related services includes the following:
Authorization/licensing, Taxation, Dispute resolution and prudential requirements. We deal with all aspect of transfer of business and other significant transaction for our clients. Advising clients on South African laws and regulations as they relate to short and long-term Insurance, Financial Advisory and intermediary service, Portfolio transfer Regulatory approval, Solvency Assessment and Management Project.
We also assist with establishing a presence in the country and with obtaining the necessary license and regulatory approvals from the Prudential Authority to conduct insurance business, Reviewing insurance policies and assisting clients with claims recovery.
We provide advise on all aspects of banking, financing and insurance transactions in the country and across borders. Whether you are securing financing for a power plant, a renewable energy project or a major infrastructure, or for a mining project, syndicated loans for a prime property development or procuring insurance for
costly assets, our team offers experienced insights and industry knowledge into counterparty needs to help you protect value and manage risks.
In particular, we have assisted and advised clients on a range of issues and transactions, including the following:
The drafting and review of credit facility and security arrangements, banking and financing laws and regulations, as these have impact on both offshore and onshore financing transactions.
The registration and recording of security to create and perfect security interests.
Establishing business presence in the country, as well as registration of investments, loans, and guarantees.