Surridge and Beecheno has advised most of the multinational Insurance companies in Pakistan, which include commercial insurance companies such as the AXA Group, Royal Exchange, Royal Insurance, American Life, ACE Insurance, IGI Life Insurance Company and several others and have also conducted cases for and on their behalf with respect to corporate and regulatory issues facing insurers, brokers and agents, including problem investments, permitted insurance activities, director and officer liability and insurance and reporting requirements. Our team also acts on behalf of its clients with respect to insurance coverage disputes. We have represented Royal Exchange Assurance (REA) in the matter of transfer of REA to Royal Sun Alliance and the conversion of the branch office of ACE Insurance Limited into a public limited company.
The partners of the firm have remained board members of American Life Insurance Company, a part of the world’s leading insurance group – the AIG Group, as well as MetLife, and have routinely advised the companies on various issues, ranging from claims to dealings with the regulators to launching of new products. We are also defending the company’s interests in courts of law.
Our team advised the first organisation to introduce microinsurance in Pakistan, the Aga Khan Agency for Microfinance, on various regulatory and corporate matters and incorporating a subsidiary in Pakistan for AKAM, advising Marsh Insco LLC, UAE on insurance brokerage requirements under Pakistan law and setting up of insurance business in Pakistan and advising Baker & McKenzie, Zurich, on the legal restrictions on insurance within and outside Pakistan.
Among our notable clients is the Insurance Association of Pakistan, which is currently being advised by us on the new Trade Organizations Ordinance and the Trade Organizations Rules, and the representations required in this regard to be made by the Association before the Director-General Trade Organizations.
