In this Treaty Tip, Tony Cicchetti discusses the significance of “honorable engagement” clauses in reinsurance agreements.
This post written by Tony Cicchetti.
Treaty Tips
TREATY TIP: AVOIDING GAPS IN REINSURANCE COVER
Changing an underlying insurance policy can create a reinsurance coverage gap; a “follow the fortunes” provision in the reinsurance agreement will not always close the gap. In a Treaty Tip, Tony Cicchetti describes a recent example of this.
This post written by Tony Cicchetti.
TREATY TIP: THE IMPORTANCE OF SPECIFYING A NON-PAYMENT INTEREST RATE
How important is it to specify the rate at which unpaid amounts will accrue interest under a reinsurance agreement? In a Treaty Tip, Tony Cicchetti provides two examples from recent court opinions that illustrate the importance of covering this topic in a reinsurance contract.
This post written by Tony Cicchetti.
TREATY TIP: ARBITRATION CLAUSES
Tony Cicchetti offers a Treaty Tip concerning arbitrator selection, and a recent case concerning the process for selecting the umpire for an arbitration in a matter involving Lloyd’s.
This post written by Tony Cicchetti.