Sources say: "He is very proactive in case handling and is flexible enough to adjust strategy to achieve the most desirable results for cases under his supervision."
Chambers Asia Pacific (2017)

Overview

“Tow Lu Lim is 'a subject-matter expert in insurance’ with ‘the ability to cultivate common ground with the claimant, diffuse a contentious atmosphere, and skilfully negotiate a settlement’.” 

The Legal 500 Asia Pacific (2019)

Tow Lu (TL) Lim is a partner in the Hong Kong office of Mayer Brown’s Insurance and Reinsurance Practice. TL heads up the Directors’ & Officers’ Liability and Professional Indemnity Insurance Group within the practice.

TL has extensive experience in advising insurers on coverage issues with respect to professional indemnity and Directors & Officers' claims. He was at the forefront of advising financial lines and D&O insurers on coverage and aggregation issues arising from hundreds of mis-selling claims made against various financial institutions in Hong Kong following the collapse of Lehman Brothers in 2008. He has advised professional indemnity insurers on claims against investment and asset management advisers, insurance intermediaries, property investment companies, corporate trustees, auditors, architects, engineers, solicitors and other professionals. He has acted as defence counsel for a number of such professionals as well. On non-contentious matters, TL works with insurers on the development of their policy wording in relation to professional indemnity and Directors & Officers' policies.  He also advises insurers and insurance intermediaries on regulatory issues in Hong Kong, as well as issues arising from non-admitted insurance in the PRC.

TL is the exclusive Winner of the Insurance – Client Choice Awards by International Law Office/Lexology (2017). He is also named as a Leading Individual in Insurance Law by Legal 500 Asia Pacific 2013-2018. He possesses a “high standard of practice” and “good business sense in dealing with a wide variety of insurance matters” (Legal 500 Asia Pacific 2016). Industry sources have commended him as being "very customer-oriented" and highlight his "deep knowledge on financial lines cases." (Chambers Asia-Pacific 2016).

The Insurance and Reinsurance Practice in Hong Kong won the ALB Hong Kong Law Award’s Insurance Team of the Year for 2010, 2011, 2013 to 2015 and 2017.

Spoken Languages

  • English

Experience

  • Coverage counsel for professional indemnity and D&O insurers of a number of financial institutions in Hong Kong and Singapore with regard to large scale claims arising from distribution of investment products related to Lehman Brothers (Minibonds) and other retail financial products. Developed bespoke investigation and claims assessment methodology for purposes of determining civil liability and aggregation
  • Advised on variety of coverage issues arising from various claims made against directors & officers (such claims include alleged breaches of duty, discriminatory conduct, breach of trust, defamation and wrongful termination)
  • Coverage and monitoring counsel for professional indemnity insurers in connection with claims made against investment and asset management advisers relating to investments in equity accumulators and mismanagement of equity accumulator portfolio
  • Coverage and monitoring counsel for professional indemnity insurers of certified public accounting firm on coverage issues arising from US Federal Securities class action for audit of PRC company formerly listed on NASDAQ
  • Advised on coverage issues arising from claims on Banker's Blanket Bond policies
  • Defence counsel of various professional negligence claims and proceedings against architects, structural and consulting engineers, property valuers, construction and project managers, private hospitals and clinics, educational institutions and professionals, and insurance intermediaries
  • Advised on coverage issues relating to numerous construction related professional indemnity claims against engineers, architects and project managers in Asia and the Middle East
  • Acted for and advised numerous directors, on instructions from D&O insurers, in successfully responding to show-cause notice issued by Securities Commission following de-listing of public listed company
  • Advised on coverage issues for material damage and business interruption claims arising from incidents at manufacturing plants in the PRC
  • Advised on policy response and claims management of numerous Contractors All Risks claims arising from incidents at mines, processing plants, dams and commercial construction sites
  • Advised on policy indemnity, claims management and reinsurance issues arising from a number of business interruption claims following the SARS outbreak in 2003
  • Acted as lead counsel to project manage and advise on insurance regulatory and compliance issues arising in multiple jurisdictions such as the PRC, South East Asia and Australia.

Education

Macquarie University, LLB

Macquarie University, Bachelor of Economics

Admissions

  • Hong Kong
  • Australia
  • Malaysia
  • “Tow Lu Lim is 'a subject-matter expert in insurance’ with ‘the ability to cultivate common ground with the claimant, diffuse a contentious atmosphere, and skilfully negotiate a settlement’.” – The Legal 500 Asia Pacific (2019)
  • Leading Individual - Insurance (Hong Kong) – The Legal 500 Asia Pacific (2011-2018)
  • Band 2 - Insurance: Contentious (China) – Chambers Asia Pacific (2014-2019)
  • Winner - Insurance – Client Choice Awards by International Law Office/Lexology (2017)
  • Band 3 - Insurance: Contentious (China) – Chambers Asia Pacific (2013)
  • Up and Coming - Insurance: Contentious (China) – Chambers Asia Pacific (2011, 2012)
  • Recipient of the ALB Hong Kong Law Award’s Insurance Team of the Year (2010, 2011)
  • "highly recommended by interviewees for his willingness to "deeply understand his clients" as well as "offering a clear view, having reviewed thoroughly the commercial and regulatory aspects." He is an experienced practitioner who focuses on assisting insurers with coverage issues, being particularly adept at advising on professional indemnity and D&O liability claims." – Chambers Asia Pacific (2019)
  • "The highly respected Tow Lu Lim heads the D&O liability and professional indemnity side of the practice." – The Legal 500 Asia Pacific (2018)
  • "heads-on" – The Legal 500 Asia Pacific (2013)
  • "knowledgeable, proactive and client friendly, he understands insurers' potential risks and is very helpful." – Chambers Asia Pacific (2013)