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O'Connors LLP is an insurance, regulatory and commercial law firm offering a unique service that assists major insurance buyers objectively to review the performance of their insurance service providers and secure the support of the best in the business on advantageous contractual terms and conditions. Relevant service providers include:

• insurance brokers;
• third party claims administrators;
• captive managers;
• pension trustees; and
• insurance consultants.

Our service is based on the assertion that the procurement and engagement of insurance related services is a legal process and that the protection of an organisation's balance sheet is largely dependent on how effectively service agreements set out the duties a service provider owes and the remedies available in the event of a breach of such duties.

Increasingly, organisations are turning to independent insurance specialists to assist with the creation of effective insurance service provider relationships. This trend is being driven by corporate governance and a genuine desire to achieve best value for money and service delivery from such providers.

Traditional consultants operating in this sphere focus on cost saving alone which can be blunt and dangerous instrument for such a balance sheet sensitive issue. In contrast, we bring genuinely independent technical and tactical legal and insurance thinking to every project to deliver the right outcome, time and time again. The results can be astonishing.

Our services include:

• Benchmarking - conducting off-market benchmarking of service delivery and pricing (for organisations who need to stress test service provision for corporate governance purposes without open-market tendering);
• Tendering - managing open-market competitive tenders (for those obligated or wishing to conduct a competitive procurement of services); and
• Contracting - handling the variation, approval or drafting of insurance related service agreements (to ensure all agreed and necessary terms are properly codified in a binding contract).

We work collaboratively with best of breed insurance consultants to ensure that our legal work is underpinned by the latest and very best insurance market intelligence.

Please call Nigel Wallis on 0151 906 1000 or email us via the link below.

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