Insurance Disputes

Team members of Siraj Omar LLC represented a Japanese bank in a coverage dispute in respect of a claim made under a political risk insurance policy. The claim arises from acts of expropriation by the government of Myanmar.

Team members of Siraj Omar LLC represented a Singapore public hospital in a coverage dispute in respect of a claim made under a fidelity guarantee and which concerns fraudulent and dishonest acts perpetrated by an employee over a period of 8 years.

Team members of Siraj Omar LLC represented a leading local bank in claims under various trade credit insurance policies totalling approx. US$200m.

Team members of Siraj Omar LLC represented a major trade credit insurer in relation to claims against and arising from the collapse of a multinational commodity trader, which is alleged to have carried out fraudulent trading activities.

Team members of Siraj Omar LLC represented a private equity fund in a coverage dispute involving an insurance claim under a commercial crime policy in respect of losses suffered as a result of a sophisticated social engineering fraud carried out by a third party.

Team members of Siraj Omar LLC represented a global invoice financing platform in a coverage dispute involving multiple claims under a trade credit insurance policy for losses in excess of US$65 million in respect of financing provided for the trading of commodities.

Team members of Siraj Omar LLC represented an insured on coverage issues under a cyber and commercial crime policy following a data breach incident and a ransomware payment.

Team members of Siraj Omar LLC represented insurers on a claim under a D&O policy in relation to criminal investigations and proceedings for bribery and corruption in multiple jurisdictions against several directors and members of senior management.

Team members of Siraj Omar LLC represented an insurer in 2 SIAC arbitrations involving a major Singapore based bank. The underlying contract giving rise to the claim under the trade credit policy related to commodity trading and a receivables facility issued by the bank valued in excess of US$ 60 million.

Team members of Siraj Omar LLC represented a reinsurer in a dispute involving a Japanese investment bank and a multinational oil and gas conglomerate in relation to amounts due under a loan facility.

Team members of Siraj Omar LLC represented insurers on a claim under a kidnapping and ransom insurance.

Team members of Siraj Omar LLC represented an insurer in a maritime related reinsurance claim against a syndication of reinsurers in relation to their liability to indemnify following the total loss of a vessel.

Team members of Siraj Omar LLC represented insurers in a maritime related insurance claim under a hull and machinery policy following the total loss of a luxury yacht. The matter involved allegations of fraud and material non-disclosures.

Team members of Siraj Omar LLC represented a leading global provider of data centre and colocation solutions in multiple insurance claims arising from a major fire at one of its key data centres.

Team members of Siraj Omar LLC represented an insurer in a coverage dispute in respect of claims for property damage following a major fire at a luxury condominium.

Team members of Siraj Omar LLC represented an insurer in a coverage dispute under a construction all risk policy. The matter relates to rectification works carried out in a construction project and involves multiple co-insureds (involving an insolvent property developer).

Team members of Siraj Omar LLC represented one of the largest infrastructure, building and consultancy services firm (“Consultant”) in Singapore in a coverage dispute with its insurers involving the Consultant’s liability in a major construction project which collapsed.

Team members of Siraj Omar LLC represented an insurer in a coverage dispute involving an insurance claim in excess of S$200 million for business interruption losses suffered by the portfolio of retail and commercial properties owned by the insured’s group of companies as a result of the restrictions imposed by the authorities following the COVID-19 pandemic.

Team members of Siraj Omar LLC represented an international chain of luxury hotels in a coverage dispute involving an insurance claim in excess of US$40 million for business interruption losses arising from the restrictions imposed by the authorities following the COVID-19 pandemic.

Team members of Siraj Omar LLC represented a syndication of insurers on coverage related issues under an all-risk policy relating physical damage to a major tourist attraction in Singapore.

Team members of Siraj Omar LLC represented an insurer in a dispute involving a multinational construction company in relation to obligations under a contractors' all risk insurance policy for the construction of an integrated sports, entertainment and lifestyle hub.

Team members of Siraj Omar LLC represented a Singapore listed construction company in dispute involving a property damage and personal injury covered by a public liability insurance policy.

Team members of Siraj Omar LLC represented an insurance broker in a dispute involving breaches of duties owed to an insured, which is a state-owned oil and gas company.

Team members of Siraj Omar LLC represented directors of a multinational oil and gas company in defending a claim commenced by the counterparty of a reverse take-over transaction against the company and its directors. The matter arose out of an aborted reverse take-over transaction and involves claims of fraudulent and negligent misrepresentation, conspiracy, breach of contract and inducement of breach of contract.

Team members of Siraj Omar LLC represented a multinational home appliance manufacturer in a product liability dispute involving defective refrigerators.

Representing directors of a multinational manufacturing company in defending a claim commenced by the judicial managers of the said company. The matter involved allegations of breaches of fiduciary duties and dissipation of assets.

Representing a multinational water solutions company in a dispute involving property damage covered by a public liability insurance policy.

Team members of Siraj Omar LLC represented a major real estate consultancy service provider in a dispute covered by a public liability insurance policy, and errors and omissions policy.

Team members of Siraj Omar LLC represented the liquidators of a P&I club based in Bermuda on insurance regulatory related matters, issues involving its insureds and reinsurers, as well as claims against its directors.

Team members of Siraj Omar LLC represented a financial institution in negotiations relating to a brokerage & risk management services agreement and a claims consultancy agreement with its insurance broker.

Team members of Siraj Omar LLC advised trade credit insurers in relation to insurance regulatory related matters in Singapore.

Team members of Siraj Omar LLC advised an insurtech start-up assisting insurers to transition to risk-based motor insurance through the provision of telematics hardware and software to insurance companies on insurance regulatory related issues.

Team members of Siraj Omar LLC represented a major trade credit insurer in reviewing and revising the wording contained in its various policies used in Southeast Asia and North Asia.

Advised insurers on regulatory related matters in relation to D&O policies and kidnapping and ransom policies.

Team members of Siraj Omar LLC represented insurers in a subrogated claim against a multinational construction company following payment of an indemnity under a construction all risk policy.

Team members of Siraj Omar LLC represented insurers in various subrogated claims.

Team members of Siraj Omar LLC represented insurers in various recovery proceedings against various debtors following payment of indemnities under trade credit insurance policies.