Insurance and Reinsurance Disputes
- A multinational insurance company against the Finnish Consumer Ombudsman in court proceedings concerning whether our client had provided misleading information to an individual consumer who subscribed a unit-linked pension insurance policy from it. This was a landmark case with high monetary interest, as similar insurance policies had been sold to a large number of customers. The dispute resulted in a precedent issued by the Supreme Court of Finland.
- A leading Finnish insurance company against a Finnish listed company in a complex liability insurance dispute concerning our client’s obligation to compensate the damage that occurred in the claimant’s industrial plant due to a power cut. The case resulted in a precedent issued by the Supreme Court of Finland.
- A state-owned entity as the insured party against a major Finnish insurance company in court proceedings regarding the interpretation of a fire accident insurance policy. Both the District Court and the Court of Appeal granted our client’s monetary claims in full, and ordered the insurer to compensate all of our client's legal costs. The case is currently pending before the Supreme Court of Finland.
- A multinational insurance company against a Finnish listed company in a dispute over whether certain costs incurred by the insured should be considered as salvage costs in the meaning of Sections 32 and 61 of the Finnish Insurance Contracts Act, and whether they fell outside the scope of the liability insurance coverage provided by our client insurer.
- A multinational insurance company against a Finnish listed company in a liability insurance litigation concerning the policy coverage, policyholder’s improper claims management as well as the application of the statute of limitations on the policyholder’s claim for compensation.
- A Finnish life insurance company in court proceedings regarding a beneficiary’s right to a supplementary pension on the basis of a group pension policy in a situation where the amount of the policy savings was not sufficient.
- A major Finnish financing company in a reinsurance dispute against UK reinsurers in a London-based UNCITRAL arbitration. The value of the case – which was settled just before the rendering of the final award – amounted to MUSD 20.
- A reinsurance company in a Finnish ad hoc arbitration against a direct insurer regarding the avoidance of credit reinsurance agreements. The interest at stake was MEUR 20. The case ended in the parties settling it on terms favourable for the client reinsurer.
- A reinsurance company in an ad hoc arbitration against a direct insurer who declined its payment obligation. An award was issued in favour of the client reinsurer.