Insurance/Reinsurance

The Insurance and Reinsurance team at LAB PARTNERS advises leading domestic and international insurers and reinsurers on a wide spectrum of contentious and non-contentious matters. With extensive experience in the Korean and global insurance markets, our team delivers practical, business-oriented legal solutions tailored to the commercial realities of the industry. Our expertise spans across claims management, policy interpretation, product development and regulatory compliance under the Insurance Business Act of Korea and related financial regulations. We are recognized for our in-depth knowledge and experience encompassing warranty and indemnity insurance, product liability, construction and engineering risks (EAR/CAR), business interruption, financial lines, reinsurance treaty disputes, and specialty insurance areas such as energy, marine and professional indemnity.

Drawing on our strong track record in handling cross-border claims and arbitration, we represent insurers and reinsurers before Korean courts and arbitral tribunals (domestic and international, often in collaboration with English counsels) and assist in international recovery actions and settlement negotiations. Our team also frequently advises on fronting arrangements, facultative and treaty reinsurance, proportional and non-proportional placements, and regulatory filings with the Financial Supervisory Service of Korea. At LAB PARTNERS, we combine the analytical precision of leading legal professionals with the market insight of former in-house counsel with extensive experience at major insurance and reinsurance companies, enabling us to provide unparalleled service to clients operating in this highly specialized sector.