We have been at the forefront of the vast majority of the most complex (re)insurance transactions, the highest-stakes disputes and the most challenging regulatory engagements in Turkey.
We have been consistently the first choice for policy coverage issues for all types of policies. We are also highly sought after by clients to handle insurance industry merger and acquisition (M&A) transactions, regulatory compliance issues, and the introduction of new products to the Turkish market. Most of the global reinsurance market considers us their solution partner. Particularly:
- we assist international reinsurance and insurance companies in developing local products and introducing global products to the local market
- we support local insurance companies with regulatory investigations, organisational restructuring implementation and regulatory compliance matters
- we create value for the insurance market by handling M&A transactions as well as advising clients on their commercial contracts and distribution channels
This unparalleled experience in the (re)insurance market also fuels our arbitration and litigation practice. We have been involved in disputes concerning almost all of the largest construction projects in Turkey of the last decade and are renowned for our experience in applying claims control clauses. We take the pride in our ‘sharp and comprehensive analysis’ and ‘the clarity of [our] advice’. In this context, among things:
- we advise reinsurers on policy interpretation from a local perspective, in cooperation with loss adjusters and private technical experts
- we provide representation to reinsurers in arbitrations and litigation, including some of the largest claims in Turkey, which are ceded abroad through facultative and fronting arrangements
- we act also as monitoring counsel, guiding reinsurers to execute claim control/cooperation clauses and ensuring that both reinsurers and local insurers pursue a single strategy when defending insurance claims, whether from third parties or local policyholders
