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CMS Cameron McKenna is set to relaunch its insurance practice as a dispute resolution group with a focus on litigation arising from the credit crunch.
If the move is rubber-stamped by the board this Wednesday (5 November), it will be a major departure for the firm, which was created when insurance specialist Cameron Markby Hewitt merged with City firm McKenna & Co in 1997.
Former Markby Hewitt partner and ex-head of insurance Anthony Hobkinson has decided to leave in the wake of the plans.
Currently, insurance and reinsurance is one of the six practice groups at Camerons but litigation is not, with litigation partners working across other departments.
The new group will focus on contentious insurance matters, as well as disputes arising from the corporate, finance and other departments. It will continue to advise clients on non-contentious insurance issues.
It is understood that insurance head Liam O’Connell will lead the team.
Sources close to the firm said the insurance practice had not made expected gains since 13 partners moved to Leadenhall Street to be closer to clients two years ago. The firm declined to comment on the plans.