Profile

Qualifications

  • Qualified in Hong Kong, 2003
  • Qualified in England and Wales, 1999

Julian is Joint Managing Partner of the Singapore office. He is dual-qualified in Hong Kong in 2003 and England and Wales in 1999.

He advises insurers / reinsurers, financial institutions, pharmaceutical companies and professionals including doctors, dentists, surveyors and accountants.

Julian has extensive experience across a number of areas including; financial lines, D&O, fidelity, BBB, professional indemnity, trade credit & political risk; product liability; business interruption and property claims; and contentious and non-contentious matters for the healthcare industry including regulatory, clinical negligence and clinical trials.

He regularly speaks at industry events and has been recognised as one of the top legal practitioners in Singapore for Insurance Law practitioners by Best Lawyers 2021. He is consistently ranked as a leading individual by Chambers Asia Pacific and clients describe him as being "a very positive and pragmatic individual". Another states, "He has been in this market a long time; he covers many bases and does it well."

Julian contributed to the writing of Kennedys' 'Global forecast 2024: Evolving insurance risks' report, published in January 2024.

Julian also contributed to the fourth edition of Kennedys’ Global Legal Handbook, one of our most popular guides, which outlines the main legal and procedural issues that case handlers may encounter when dealing with claims across 53 jurisdictions globally.

Julian has spent a long time in his field and is able to share his knowledge throughout different lines of business. He gives us options.

Market recognition

2024

  • Notable practitioner (Band 1) for 'Insurance (Singapore)'
    "He has spent a long time in his field and is able to share his knowledge throughout different lines of business. He gives us options."
    Chambers Asia Pacific 2024

2023

  • Notable practitioner (Band 1) for 'Insurance (Singapore)'
    "Julian does a very good job in this space, and is a leading insurance lawyer."
    Chambers Asia Pacific 2023
  • Leading Individual for 'Insurance: Foreign Firms (Singapore)'
    The Legal 500 Asia Pacific 2023

2022

  • Notable practitioner (Band 1) for 'Insurance (Singapore)'
    "Julian Wallace enjoys a longstanding reputation as an esteemed market figure covering financial lines, including directors' and officers' liability, fraud, trade credit and reinsurance".
    Chambers Asia Pacific 2022

2021

  • Recommended lawyer for 'Insurance: Foreign Firms (Singapore)'
    The Legal 500 Asia Pacific 2021
  • Notable practitioner for 'Insurance (Singapore)'
    Commentators affirm that he is "a class act" who is "very highly regarded by clients" and "among the best in Singapore."
    Chambers Asia Pacific 2021

2020

  • Leading Individual (Band 1) for 'Insurance (Singapore)'
    "Julian Wallace is a prominent figure in the market, regularly advising insurance companies on disputes. He is particularly known for his experience on financial lines matters. A client describes him as polished, extremely knowledgeable on policy interpretation, with tactical acumen second to none."
    Chambers Asia Pacific 2020

2018

  • A Leading Individual (Band 1) for 'Insurance (Singapore)'
    Julian Wallace is noted as "one of the leading insurance lawyers in Asia," and "has extensive knowledge of the markets within the region and is an excellent negotiator."
    Chambers Asia Pacific 2018

2017

  • Recommended in The Gracechurch Report
    "He understands our business." 
    Gracechurch APAC Market Insurance Law Report 2017

Work highlights

  • Acting as coverage counsel in high profile claims against directors and offices for false and misleading statements to the Singapore Stock Exchange. This case involved a highly publicised investigation by the Corrupt Practices Investigation Bureau, and prosecutions of high profile individuals from the Singapore business and legal community, giving rise to a multi-million-dollar claim under the company’s D&O policy.
  • Advising on coverage under a fraud policy for unauthorised trading losses of circa US$ 60 million.  Detailed policy liability investigations and advice giving rise to co-insurers denying liability under the Policy.  Successfully defended the denial of liability at arbitration.
  • Acting as coverage counsel in a claim, under BBB Policy, in the region of US$40 million against a leading Malaysian Bank following the non-repayment of Bonds. Monitoring Malaysian Defence Counsel in order to advise reinsurers in relation to policy liability and quantum.
  • Acting as coverage counsel in relation to damage claims under a multinational program.  Dealing with issues between local and global policies.
  • Providing coverage advice and successfully defending action by insured under a trade credit policy following the rejection of a claim for US$14m.  Matters involved possible factoring and suspicious trades between entities in Singapore, Taiwan and USA.