Baljit Rai has over 24 years' experience of acting in commercial litigation and arbitration disputes in relation to insurance and reinsurance matters, specialising in advising insureds on policy wordings and policy coverage issues.
Baljit also advises on non-contentious insurance issues including policy wordings (e.g. Directors and Officers, Political Risk, Trade Disruption Insurance, Political Risk and Credit Insurance) and insurance structures.
Baljit has particular specialisation in and regularly advises a number of major banks and other financial institutions on the use of credit insurance as a credit risk mitigant under the Basel Accords and the Capital Requirements Regulation.
- Advising and acting for a number of lessors in the English Commercial Court in relation to their insurance claims on policies relating to the loss of aircraft which the lessors had formerly leased to Russian airlines and which have been retained in Russia;
- Advising a stakeholder in relation to potential recoveries under credit insurance policies providing cover in excess of one billion US$ procured by an international financial institution;
- Representing and advising a pharmaceutical company in relation to a potential claim against its broker for failure to place adequate insurance cover as instructed;
- Advising major corporates under D&O and Professional Indemnity policies on coverage for defence costs;
- Advising a client (Buyer) in relation to a claim on its Warranty & Indemnity Policy following breaches of warranties by the Seller under an Acquisition Agreement;
- Advising a client in relation to its claim on a Contingency Cancellation Insurance Policy following cancellation of events due to Covid-19;
- Advising a reinsured on the aggregation of Event Cancellation claims (arising as a result of Covid-19) under its reinsurance policy;
- Advising a client in HKIAC arbitration proceedings in respect of a claim on its D&O Policy.
- Regularly advising banks and other financial institutions on the use of credit insurance and Risk Participation Agreements as a credit risk mitigation tool under the Basel III/Capital Requirements Regulation framework in a number of contexts (e.g. loans, non-recourse receivables, etc.).
- Representing and advising a major European oil and gas company in LCIA arbitration proceedings in relation to its claim under a Trade Disruption Insurance Policy following the stoppage of its operations in North Africa.
- Acting for a client in relation to a claim made under a Non-Appearance and Cancellation Insurance Policy.
- Advising a major oil services company in relation to its claim under political risk and non-payment insurance policies following expropriation of assets in Venezuela and non-payment under a services contract.
- Representing a large Spanish multinational corporation in relation to its claim under a Trade Disruption Insurance Policy against London insurers concerning a Mexican waste disposal plant.
- Regularly advising insureds on their rights and obligations under policy wordings including ensuring that the insurance is properly tailored to the underlying risk.
- Advising and representing FTSE top 250 Company in relation to a claim exceeding £100 million on its product liability insurance policy.
- Advising on insurance aspects in a number of project financings and corporate transactions.
- Successfully representing a large Swiss reinsurance company against its reinsured in an arbitration dispute as to whether it was entitled to avoid the reinsurance contract on the basis that there had been a material change in the risk insured.
News and client work
Contact details
- Clifford Chance, London
- +442070068714
- Email me
- Practice area Litigation, dispute resolution & risk management
- Sector Insurance
Career & qualifications
- St Hilda's College, Oxford University (BA MA Jurisprudence) 1996
- Joined Clifford Chance 1997
- Admitted as a solicitor in England & Wales 1999
- Secondment to one of the largest reinsurers worldwide 2004
- Secondment to a global bank 2009
Awards and citations
- "Baljit really drives litigation forward; she is extremely thorough"
Chambers and Partners UK 2025 - "Baljit is unquestionably an expert in contentious and complicated insurance coverage matters. She provides clear and strategic advice."
Chambers and Partners UK 2025 - "Baljit Rai is technically excellent and very experienced in all matters insurance-related. As well as navigating very complex issues, she is a pleasure to deal with."
Chambers and Partners UK 2026 - "Baljit is excellent and easy to work with. She is able to see things through a business lens and I'm impressed by her responsiveness."
Chambers and Partners UK 2026 - "Baljit Rai is tenacious, charming and leaves no stone unturned when it comes to preparing a case for trial"
Legal 500, 2026 - "Philip Hill and Baljit Rai are insurance and reinsurance specialists. They navigate very complex issues with ease, and you can be confident they have thought deeply through every angle before coming up with a well-thought-out strategy."
Legal 500, 2026