Jonathan is head of the firm’s financial services and insurance groups. Recognised by The Legal 500 and Chambers & Partners as a leading expert for the work he undertakes for insurance sector clients, he specialises in professional liability and insurance coverage disputes. He also regularly advises clients on financial services regulatory issues, including investigations and enforcement action.
Jonathan’s dispute resolution experience includes defending insurance and financial services businesses against civil claims and regulatory action. He also regularly advises insurers and their policyholders on management and corporate liability matters. Jonathan is also recognised for his insurance coverage and policy interpretation expertise on primary and excess layer business.
Clients regularly instruct Jonathan and our financial services and insurance groups on large or complex disputes. This includes helping clients achieve positive outcomes in their most strategically important matters including claims surge events and regulatory conduct matters. His teams also provide clients with delegated authority outsourced claims and complaints solutions.
Early career experience of working in-house on secondment means Jonathan is very responsive and his advice is always clear, pragmatic and commercial.
Strategic advice on claims surge
Advised a leading insurer on its response to the business interruption claims surge arising out of the Covid-19 pandemic. In addition to supporting our client with thousands of claims, Jonathan and his team provided strategic advice and support.
FCA enforcement against derivatives trader
Advising a derivatives trader on FCA enforcement action relating to the adequacy of its systems and controls to identify and mitigate the risk of financial crime. The case concerned the firm’s involvement in £80bn ‘dividend arbitrage’ trades.
£250m mini-bond coverage advice
Advised leading insurer on the high-profile collapse of a financial services firm that sold over £250m of mini-bonds to the public. Jonathan and the team advised in relation to both professional indemnity and D&O exposures.
Past business remediation programme
Gave strategic advice and support to a client in the identification and execution of a multi-million pound remediation programme. The team’s role included advice on financial services regulatory conduct matters.
"A firm that can go toe-to-toe with the best of the magic circle in insurance and professional negligence matters. Expertise on the law runs through all levels, and the collaborative nature of the partnership and teams means that particularly on the larger cases, one gets excellent service across the board, with a sound strategy."
“Jonathan Newbold is hugely responsive, brilliant on the law, and calm under pressure.”
"Jonathan Newbold heads a pragmatic and effective team, delivering great value of service."
“He is excellent; he’s incredibly responsive, he understands our business and he’s commercial.”
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