Clients laud him for his "excellent technical knowledge combined with superb commercial awareness."
Chambers UK 2017
David Chadwick heads the "well-regarded" (Legal 500 2014) London Insurance & Reinsurance Group. His practice focuses in particular on policies involving political risk, financial risk, professional indemnity and reinsurance.
David has significant experience advising political risk insurers in relation to the adjustment and defence of claims involving all types of political risk policies, including confiscation (CEND), contract frustration and contingency (change of law) policies. He has advised clients on credit insurance policies where the risk insured can be consequent upon political acts, has considered countless jurisdictional issues and has handled claims involving investments into or trade involving Indonesia, Ecuador, Venezuela, India, Pakistan, Brazil, Mexico, Kenya, Gabon, Egypt, Libya and parts of the former USSR. In addition he has acted on a range of political violence and "discord risk" related claims involving countries such as the Ukraine, Lebanon, the Yemen, Kenya, Libya and Egypt. He also regularly assists clients in the drafting of political risk policies and in assessing the types of risks that need to be insured against in particular jurisdictions.
Another significant area of focus for David is the financial institutions sector. He has a wide range of experience acting for insurers on all aspects of financial institutions, claims including civil liability, bankers blanket bonds and D&O claims. He has been heavily involved in claims arising from a range of issues impacting the financial markets. These include FSA VCs, endowments, split capital closed end funds, Madoff related issues, pension switching and other misselling claims emanating from the global financial crisis. David has dealt with these types of claims in many jurisdictions including Bermuda, France, the Netherlands, Belgium, the Channel Islands and Russia as well as claims with a UK focus. In addition to his contentious experience in this space, David also regularly advises on wordings related issues and is experienced in the area of policy drafting.
David handles a wide range of professional indemnity matters covering professionals such as surveyors, management consultants, solicitors and investment brokers. He has particular experience with regard to defending the position of insurance brokers, both in relation to the traditional principal/agency relationships and with regard to their obligations under binding authorities. David also acts regularly for reinsurers in relation to claims involving both treaty and facultative business.
In addition to representing clients in insurance litigation and other related claims, David assists both insurers and insureds in pre-contractual risk assessment evaluations, policy reviews and drafting, and he has significant experience assisting the firm’s corporate department on insurance aspects of mergers and acquisitions. He has been instrumental in assisting various brokers in the drafting of warranty and indemnity policies, and he has advised insurers in relation to the restructuring of contracts pursuant to subrogation strategies.
David has lectured extensively on the Insurance Act 2015 and is a regular contributor to insurance publications.
David is a co-leader of the firm's Industry Insurance Group.