Insurance is society’s safety net. Insurance diversifies risk nationally and internationally, and provide businesses with the necessary financial safeguards against unforeseen losses and liabilities. Government bodies, lenders or contract parties will often require businesses to protect themselves against risk through insurance. Our lawyers have served as legal advisors to insurance companies and their customers for many decades.
We assist insurance companies and policyholders in all industries. Shipping and offshore have their own types of insurance, which are highly specialised. Non-marine insurance includes tailor-made property and liability coverage. Various professions cover risk through professional indemnity insurance, and board directors are covered by D&O liability insurance. We have extensive in-depth experience with all types of insurance products. In addition, we assist insurance companies on reinsurance matters, and have been involved in all of the largest reinsurance cases in Norway in recent years.
Clients often come to us to get an overview – of what is actually covered by the insurance, of the rights and obligations of the parties, and of the deadlines applicable to insurance claims. When clients need assistance with solving an insurance matter, this will primarily take the form of dialogue and cooperation between the insurance company and the customer. However, sometimes it is necessary to resort to litigation or arbitration to resolve an insurance matter. We often assist in connection with accidents, but also advise on business acquisitions and divestments, on liability matters and on recourse claims from and between insurance companies. Our lawyers have extensive experience in advising on insurance law, as well as in conducting litigation and arbitration.
In TNS Prospera 2020, Thommessen was yet again highly ranked in the category Banking, Finance and Insurance by the largest legal service purchasers in Norway. Thommessen is also ranked Tier 1 in Insurance by the Legal 500.