Areas of Expertise

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Insurance / Indemnity / Liability

Thümmel, Schütze & Part­ner has long ex­pe­ri­ence of pro­vid­ing le­gal ad­vice on all types of in­sur­ance, cov­er­ing the li­a­bil­i­ty of com­pa­nies, man­agers and mem­bers of lib­er­al pro­fes­sions alike. In this field the firm fo­cus­es on per­son­al li­a­bil­i­ty in­sur­ance (in­clud­ing pro­fes­sion­al li­a­bil­i­ty, em­ploy­ers’ li­a­bil­i­ty and prod­uct li­a­bil­i­ty in­sur­ance), fi­deli­ty in­sur­ance and all kinds of prop­er­ty in­sur­ances. We un­der­take, for in­sur­ers as well as in­sured com­pa­nies and pro­fes­sion­als, the pro­cess­ing of com­plex in­sur­ance claims and draft terms and con­di­tions of in­sur­ance con­tracts.

Lawyers in the firm have con­sid­er­able ex­per­tise and di­verse ex­pe­ri­ence with D&O in­sur­ances. Since the in­tro­duc­tion of D & O in­sur­ances in Ger­many our lawyers have been rep­re­sent­ing the in­ter­ests of lead­ing for­eign and do­mes­tic D&O in­sur­ance com­pa­nies out of court as well as in court, act­ing as mon­i­tor­ing coun­sel, cov­er­age coun­sel or de­fence coun­sel for di­rec­tors and mem­bers of man­age­ment boards and su­per­vi­so­ry boards. In this ca­pac­i­ty we have been and con­tin­ue to be in­volved in the set­tle­ment of a num­ber of sig­nif­i­cant li­a­bil­i­ty cas­es. We have been re­tained as coun­sels of the ex­cess li­a­bil­i­ty in­sur­ance con­sor­tium in the li­a­bil­i­ty suit fol­low­ing a state­ment by the for­mer chair­man Jürgen Schrempp re­fer­ring to the merg­er of Daim­ler-Benz and Chrysler.

We are there­fore aware of the prob­lems and is­sues aris­ing out of the in­ter­face be­tween cor­po­rate law and D&O in­sur­ance terms, se­cu­ri­ties class-ac­tion loss suits filed in the USA or SEC pro­ceed­ings and is­sues con­cern­ing the par­tic­i­pa­tion of in­sur­ance con­sor­tiums.