Peter has over 24 years' combined experience of legal practice in London and Bermuda.
He is a Chartered Property & Casualty Underwriter and spent nearly five years at XL Catlin Bermuda, where he was part of a specialist team that created a pioneering portfolio of innovative re/insurance business in the areas of transactional liability, litigation risk containment & ATE, contingency, structured credit, tax ring-fencing and alternative risk transfer.
He also spent six months on secondment to Gen Re UK in London in 2006 in relation to the FSA's investigation in to finite reinsurance practices.
Reported Cases
Campbell -v- Mylchreest [1999] EWCA Civ 60 PIQR 17 – established the “level playing field” basis for quantification of special damages in catastrophic injury cases.
CGU International Insurance PLC & Others -v- AstraZeneca Insurance Co Ltd [2006] EWCA Civ 140 (CA)) – successful appeal of an arbitration award relating to $900m StarLink genetically modified corn losses.
Lisa S.A. -v- Leamington Reinsurance Company Ltd & Avicola Villalobos S.A. [2008] SC (Bda) 35 Com – relating to fraudulent use of captive insurance premiums for Guatemalan food giant.
Montpelier Reinsurance Ltd. –v- Manufacturers Property & Casualty Limited [2008] SC (Bda) 27 Com – relating to application of UNCITRAL Model Law in Court appointment of third arbitrator.
BNY AIS Nominees Ltd –v- New Stream Capital Fund Ltd [2009] SC (Bda) 178 Civ – judgment approving Bermuda’s segregated accounts companies legislation.
Munib Masri -v- Consolidated Contractors International Company SAL & Teyseer Contracting Company WLL [2010] SC (Bda) 15 Civ – regarding issues of enforcement, joint debts, receiver powers.
Ace Bermuda Insurance Ltd –v- Ford Motor Company [2017] SC Bda 88 Civ – regarding privilege in bills under taxation for use in Bermuda international arbitration.
Other Litigation Matters
For Lloyd’s Syndicate 957 in English litigation against its XOL reinsurer, ING Re, arising from non-payment of indemnity under PA and Premium Protection Lineslips [2005].
In the Liquidation of PDVIC (ongoing) – for US oil company CITGO in insolvency of its Venezuelan parent’s Bermuda captive insurer, PDVIC, arising from $200m+ casualty reinsurance claim.
Arbitrations
For reinsurers in subrogated recovery actions from material damage and business interruption losses of banks, foreign power stations and petro-chemical plants [2000-2002].
Numerous English arbitrations for Berkshire Hathaway against Weavers stamp companies –arguing London market defences: one “event” language, aggregation and AEC, allocation, declaratory judgments, Wellington Agreement and entitlement to interest [2000-2005].
For reinsurers against UK pharmaceutical company captive from mis-selling of UK produced anti-bipolar drug [2006].
For captive of US pharmaceutical company in Bermuda arbitration against international reinsurers arising from mis-selling of US-produced anti-bipolar drug [2007].
For US Healthcare System in Bermuda arbitration against Bermuda healthcare insurers arising from batch claims arising from rogue spinal surgeon procedures [2017].
For Bermuda excess insurer against US primary insurer arising from US runaway jury verdict in wrongful death claim – involving novel area of English bad faith damages [2018].
For insured against media insurer arising from alleged fraudulent misrepresentation – acting as advocate in week-long hearing [2020].
For collateralised insurer in Bermuda arbitration against Bermuda reinsurer arising from non-damage business interruption losses [2021].
For assignee of D&O claims against management liability insurers of large US law firm in bankruptcy [2022].
