The follow the fortunes (or follow the settlements) doctrine has been an important part of many reinsurance relationships. This article focuses on divergent case law as to whether the doctrine is purely a matter of contract, or whether it should be implied into every reinsurance contract, whether or not the contract refers to the doctrine.
Both the E.U. and the Trump Administration have now indicated that they will sign the Covered Agreement negotiated by the Obama Administration. How and when will the various provisions of this Agreement be implemented? In a we discuss implementation issues and possible consequences for the non-E.U./U.S. market.
The United States and the European Union have agreed on the final wording of a Covered Agreement which covers several topics, including the provision of collateral by foreign reinsurers. We discuss the Covered Agreement and the initial responses to the agreement in a .