Albert (Bert) Wells

Partner

bwells@cov.com
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Covington & Burling LLP
The New York Times Building
620 Eighth Avenue
New York, NY 10018-1405
Tel: 212.841.1074

   


 

Practices

Industries

Education

  • Yale Law School, J.D., 1987
  • University of Oxford, D.Phil., 1982
    • Marshall Scholar
  • California Institute of Technology, M.S., 1978
  • California Institute of Technology, B.S., 1978
    • honors degree

Bar Admissions

  • New York


Bert Wells is a partner in the insurance coverage and litigation practices of Covington & Burling LLP.  He began representing commercial policyholders in connection with complex insurance recovery matters in 1995, and regularly represents policyholders, including Fortune 100 and 500 companies, in a wide range of insurance coverage matters.  He has assisted policyholders in recovering more than $500 million in insurance coverage.  He advises policyholders on assessing and maximizing the value of claims, developing and executing insurance recovery strategies, negotiating settlements, and resolving large claims through litigation, arbitration and mediation.

Mr. Wells’s experience encompasses first-party coverage claims, such as for property damage and business interruption losses (including, most recently, such claims arising from Superstorm Sandy) and for losses arising from credit risks, as well as third-party coverage claims arising from alleged liability for underlying matters such as environmental, toxic tort, securities, fiduciary, fidelity, cyber-risk, directors and officers, and errors and omissions claims.

Mr. Wells regularly advises policyholders in connection with policy renewal negotiations, including negotiating modifications to standard policy wording to conform the coverage to policyholders' specific risk profiles. He also advises on the assessment and structuring of insurance assets and underlying liabilities in connection with corporate transactions.

Mr. Wells holds a J.D. from the Yale Law School, a D.Phil. (Ph.D.) in mathematics from Oxford University (where he was a Marshall Scholar), and B.S. and M.S. degrees from the California Institute of Technology (Caltech).

Mr. Wells periodically advises on matters relating to intellectual property and information technology.  He was a co-editor of the two-volume treatise E-Commerce Law & Business (Aspen 2003).

Representative Matters

  • Represent a public entity in its claims for property damage, business interruption and other loss arising from Superstorm Sandy.
  • Represented policyholder in successfully obtaining directors and officers coverage in the US and Europe for multi-billion dollar underlying breach of fiduciary duty claim.
  • Represented Fortune 500 specialty equipment corporation in the successful recovery of insurance for asbestos claims, including resolution of multi-state coverage litigation through global coverage-in-place settlement.
  • Resolved claims of a regional bank against its non-performing mortgage-guaranty insurance carrier respecting half-billion dollar mortgage portfolio through federal litigation and mediation.
  • Represented Fortune 500 company in restructuring under-utilized insurance assets relevant to corporate divestitures resulting in substantial gains for client.
  • Represented the State of Minnesota in litigation and settlement of two litigations against insurance companies under Minnesota’s Landfill Cleanup Act.
  • Advise one of world’s largest retailers regarding its annual directors and officers insurance review and policy renewal negotiations.
  • Advise one of the largest financial advisors and financial institutions in the US on renewal negotiations for financial/professional liability lines.

Honors and Rankings

  • New York Super Lawyers, Insurance Coverage (2012-2013)

Pro Bono

  • Safe Water Network

Memberships and Affiliations

  • Committee on Insurance Law of the Association of the Bar of the City of New York, Member
  • Risk and Insurance Management Society (RIMS), Member
  • Insurance Coverage Litigation Committee, American Bar Association Section of Litigation, Member
  • New York Hall of Science, Trustee

Publications and Speeches

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