The terms of a risk transfer contract may determine whether it is insurance or reinsurance. In a Treaty Tip, we discuss a recent case which had a somewhat surprising result.
This post written by Rollie Goss.
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Treaty Tips
TREATY TIP: CLARITY IN REINSURANCE CONTRACTS
It is important that all contracts accurately and clearly set forth the agreements of the parties to the contract. One of the most critical parts of any reinsurance agreement is specifying the scope of the risks transferred pursuant to the agreement. In a Treaty Tip, Rollie Goss discusses a recent case which was filed due to perceived uncertainty with respect to the contractual loss limit of facultative reinsurance certificates. Treaty Tip: The Mutual Benefits of Clear Reinsurance Limits.
This post written by Rollie Goss.
See our disclaimer.
TREATY TIP: THE UNINTENDED CONSEQUENCES OF OVERLY BROAD SERVICE OF SUIT PROVISIONS
Service of Suit provisions are standard in reinsurance agreements, but broad provisions viewed by many as “standard” may create unintended consequences. This issue is discussed by Rollie Goss in a Treaty Tip titled The Service of Suit Provision.
This post written by Rollie Goss.
See our disclaimer.
TREATY TIP: CREATIVITY IN REINSURANCE AGREEMENTS
Representing ceding insurers in the creation of catastrophe bonds has provided us experience in introducing creativity into traditional reinsurance agreements. Read some of our suggestions in our latest Treaty Tip.
This post written by Rollie Goss.
See our disclaimer.
TREATY TIP: NAILING DOWN THE ARBITRATION PROCESS
Arbitration can proceed more quickly and efficiently if one pays appropriate attention to the arbitration process in drafting reinsurance agreements. Tony Cicchetti continues his series of Treaty Tips with advice on how to avoid unnecessary litigation through better agreement drafting, in Nailing Down the Arbitration Process.
This post written by Anthony Cicchetti.
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