International reinsurance companies – Ad hoc arbitration proceedings

International reinsurance companies – Ad hoc arbitration proceedings

We have extensive experience in the insurance sector and decades of collaboration with supervisory authorities. We advise clients in all regulatory matters and ensure smooth implementation of even the most complex transactions.

The regulatory and operative landscape of the insurance sector is constantly changing. Steering your organisation in this ever-evolving environment calls for special expertise. The support of a legal advisor with profound understanding of both the insurance business and the objectives of the legislator and the regulator is essential. We offer a unique combination of wide expertise in insurance law with extensive experience of having operated within the insurance business. We provide a hands-on approach combined with long-term practical knowledge of how to achieve strategic goals.

With our extensive experience in the insurance sector and decades of collaboration with supervisory authorities, we are the natural partner of choice for both Finnish and international insurance companies, insurance intermediaries, and their owners and decision-makers. Our in-depth expertise will ensure that your critical projects cross the finish line in time and as planned. We will assist you in successfully adapting your business to market changes and changes in the regulatory environment.

We advise clients in all regulatory matters and ensure smooth implementation of even the most complex transactions in this highly regulated sector. Our full-service offering covers all legal needs of the insurance sector from transactions, disputes, insurance products and their distribution strategies, regulated documentation, outsourcing of central, critical or important functions to capitalisation and governance system requirements. Our experts work seamlessly together across teams in all insurance-related matters ranging from financial regulation, regulated transactions, corporate governance and tax law to data protection, competition law, dispute resolution, technology law, procurement and employment law.

  1. Regulated Transactions & Arrangements
  2. Insurance Regulation & Regulatory Compliance
  3. Claims & Dispute Resolution
  4. Contracts
  5. Product Oversight and Governance & Legal Design
  6. Crisis Management & Insolvency Proceedings

Our clientele includes Finnish and international insurance companies and reinsurance undertakings as well as their significant direct and indirect owners and decision makers. We also advise insurance intermediaries, foreign law firms and policyholders.

Latest references

We successfully represented a panel of reinsurance companies in an international ad hoc arbitration. The dispute arose out of a reinsurance treaty under the terms of which the reinsurers had reinsured a portfolio of risks underwritten by the cedent. The parties disagreed as to whether the reinsurance provided coverage for a certain loss that had occurred because of the market turmoil caused by the Covid-19 pandemic. The case involved highly complex legal and contractual questions requiring special expertise on reinsurance law and practice. The arbitral tribunal rejected the counterparty’s claims for reinsurance compensation against our clients in full. The amount in dispute was approximately EUR 34 million.
Case published 16.9.2025
We acted as legal advisor to OP Finland Infrastructure LP in connection with the conversion of the fund’s agreed EUR 50 million convertible bond into shares in Lounea Net Oyj in 2023. In connection with the conversion, the fund made a new additional investment of EUR 10 million in Lounea. As a result of the arrangement, OP Suomi Infra became a significant owner of Lounea Net Oyj with a 29% stake. Lounea is a Finnish optical fibre operator whose business consists of telecommunications infrastructure and ICT solutions. OP Finland Infrastructure is a fund investing in Finnish infrastructure. The fund is managed by OP Financial Group.
Case published 29.8.2025
We advised The Mortgage Society of Finland in the update of a EUR 2,5 billion bond programme under which the Mortgage Society of Finland may issue senior preferred and unsecured Tier 2 notes, and covered bonds. The notes under the programme may be listed on the official list of Nasdaq Helsinki Ltd.  The Mortgage Society of Finland is the only nationwide credit institution in Finland that focuses on housing. It provides customers with the full range of home financing services such as granting mortgage and consumer loans for all stages of home owning including purchasing and renovating. The Mortgage Society of Finland carries out this activity in accordance with the Act on Credit Institutions and the Act on Mortgage Societies.
Case published 5.8.2025
We advised Nordea Bank Abp in the EUR 150 million new green financing for Lahti Energia Oy to support investments promoting a clean transition and to refinance existing loans. Lahti Energia Oy’s green loan investments focus on solutions that reduce fossil carbon dioxide emissions and support sustainable development. Planned projects include electric boilers, district heating storage facilities, and investments in the development of energy networks.
Case published 1.7.2025