Reinsuring Clauses
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Author | : Ozlem Gurses |
Publisher | : Taylor & Francis |
Total Pages | : 410 |
Release | : 2013-07-04 |
Genre | : Law |
ISBN | : 1135134693 |
This book provides a comparative English/US law study of the operation of facultative reinsurance contracts. Most of the reinsurance litigation in England and the US has involved this type of contract, and there are regular arbitrations and judicial proceedings in the leading common law jurisdictions to which this book will be relevant. The book is concerned with: • The legal nature of reinsurance agreements • The means whereby terms of reinsurance policies can be derived or incorporated from underlying insurances • The effect on reinsurance of judgments, awards and settlements against the reinsured • The operation of claims provisions
Author | : Ozlem Gurses |
Publisher | : Taylor & Francis |
Total Pages | : 306 |
Release | : 2013-07-04 |
Genre | : Law |
ISBN | : 1135134626 |
This book provides a comparative English/US law study of the operation of facultative reinsurance contracts. Most of the reinsurance litigation in England and the US has involved this type of contract, and there are regular arbitrations and judicial proceedings in the leading common law jurisdictions to which this book will be relevant. The book is concerned with: • The legal nature of reinsurance agreements • The means whereby terms of reinsurance policies can be derived or incorporated from underlying insurances • The effect on reinsurance of judgments, awards and settlements against the reinsured • The operation of claims provisions
Author | : Oliver D. William |
Publisher | : Routledge |
Total Pages | : 190 |
Release | : 2021-01-28 |
Genre | : Law |
ISBN | : 1000329100 |
In excess of loss reinsurance, the reinsurer covers the amount of a loss exceeding the policy’s deductible but not piercing its cover limit. Accordingly, a policy’s quantitative scope of cover is significantly affected by the parties’ agreement of a deductible and a cover limit. Yet, the examination of whether a loss has exceeded deductible or cover limit necessitates an educated understanding of what constitutes one loss. In so-called aggregation clauses, the parties to (re-)insurance contracts regularly provide that multiple individual losses are to be added together for presenting one loss to the reinsurer when they arise from the same event, occurrence, catastrophe, cause or accident. Aggregation mechanisms are one of the core instruments for structuring reinsurance contracts. This book systematically examines each element of an aggregation mechanism, tracing the inconsistent usage of aggregation language in the markets and scrutinizing the tests developed by courts and arbitral tribunals. In doing so, it seeks to support insurers, reinsurers, brokers and lawyers in drafting aggregation clauses and in settling claims. Focusing on an analysis of primary sources, particularly judicial decisions, the book interprets each judicial decision to describe a system of inter-related rules, collating, organising and describing the English law of aggregation as applied by the courts and arbitral tribunals. It further draws a comparison between the English position and the corresponding rules in the Principles of Reinsurance Contract Law (PRICL).
Author | : Reinsurance Association of America Staff |
Publisher | : |
Total Pages | : 3331 |
Release | : |
Genre | : |
ISBN | : 9780970583949 |
Reinsurance Contract Clauses - Case Law Annotations is a comprehensive collection of U.S. case law interpreting property/casualty reinsurance contract provisions. The book is designed so that reinsurance executives, attorneys and contract writers have easy access to court decisions that interpret specific reinsurance contract clause language. When an insurer or reinsurer is writing or reviewing a contract, this book will be invaluable in pinpointing specific variations in contract clause language to allow contract writers to easily identify the language most likely to be interpreted favorably by the court having jurisdiction over the contract. The RAA designed Annotations to function in a way similar to legal digests, treatises, cyclopedias or indices. It contains an alphabetical table of cases which lists cases by the first partys name, and includes full citations and clause type information parenthetically. The publication also contains a table listing cases alphabetically within clause type categories. Finally, cases are grouped by jurisdiction and arranged in alphabetical order. Federal appellate and trial court cases are listed first followed by state appellate and trial courts. The user will find the circuit or state of origin indicated to the left of each citation.
Author | : Ross Phifer |
Publisher | : |
Total Pages | : 332 |
Release | : 1996-05-02 |
Genre | : Business & Economics |
ISBN | : |
Reinsurance Fundamentals is a comprehensive overview of the reinsurance industry and the financial principles that guide it. It is also a penetrating study of real-world reinsurance problems and how to solve them. After an examination of the industry's underpinnings and a brief but fascinating look at its history, author Ross Phifer presents a detailed reinsurance primer. Writing for those familiar with insurance concepts, he offers an in-depth examination of how the reinsurance industry works, explains fundamental ideas, presents practical illustrations of when and how reinsurance arrangements should be considered, and describes the application of reinsurance to speculative financial transactions such as derivatives. Phifer analyzes different types of reinsurance agreements, clause by clause, and supplies thorough explanations of key concepts and their impact on the overall risk transfer. Among the topics discussed are reinsurance cessions, structures, markets, underwriting, proportional pricing, accounting, claims, and contracts. Reinsurance Fundamentals is an invaluable tool for in-house counsel, compliance officers, internal auditors, and risk managers in investment and commercial banking, securities, investment management, mutual funds, and pension fund management. It is also an important resource for corporate financial officers and an excellent reference for insurance underwriters, claims executives, risk managers, and attorneys.
Author | : Robert W. Strain |
Publisher | : Strain Pub |
Total Pages | : 819 |
Release | : 1996-02-01 |
Genre | : Business & Economics |
ISBN | : 9780939727483 |
Author | : |
Publisher | : |
Total Pages | : 0 |
Release | : 1992 |
Genre | : Reinsurance |
ISBN | : |
Author | : John S. Diaconis |
Publisher | : |
Total Pages | : 0 |
Release | : 2005 |
Genre | : Insurance law |
ISBN | : 9781402406157 |
Reinsurance Law minimizes that peril by showing you how to structure sound agreements more easily and inexpensively.
Author | : Munich Reinsurance Co |
Publisher | : |
Total Pages | : 152 |
Release | : 1963 |
Genre | : Reinsurance |
ISBN | : |
Author | : Barlow Lyde & Gilbert |
Publisher | : Informa Law from Routledge |
Total Pages | : 0 |
Release | : 2009 |
Genre | : Reinsurance |
ISBN | : 9781843117964 |
Designed to reduce, to the absolute minimum, the legal difficulties involved in UK reinsurance transactions, this book covers all the areas of reinsurance that are likely to give rise to problems. Paying special attention to the drafting and operation of the reinsurance contract, the book also deals in detail with dispute resolution, including arbitration and commercial court practice and procedure. It provides advice on how to identify, minimize, and resolve problems that may arise with reinsurance contracts, including: a clear explanation of the basics of reinsurance contracts, including the relationships between parties and the various types of contracts the principles of drafting and interpretation of contracts, including reaching agreement, contract wordings, and choice of law the details of operating a contract, including claims handling, offset and funding, inspection of records, and transfer and termination deviation guidance on dispute resolution, including choice of l