Reinsurance Contract Wordings

20th-21st October 2022 Americas

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ABOUT THE COURSE

COURSE OUTLINE

Reinsurance Contract Wordings
DAY 1

	Session: Introduction to Reinsurance The Importance of Reinsurance Contract Wording Introduction to Reinsurance Reinsurance Types and Structures
	Session: Reinsurance Contracts The Nature of Reinsurance Contracts Intent of the Parties Honorable Engagement Duty of Utmost Good Faith Legal Considerations Principles of Contract Interpretation Principles Unique to Reinsurance Structure Common to Most Reinsurance Contracts
	Session: Incorporation of ‘Clauses’ into Reinsurance Contracts Overview of Clauses The Importance of Consistency Clauses Common to Most Reinsurance Contracts Clauses Required Under State Regulation
Break

	Session: The “Follow” Clauses Follow the Fortunes / Follow the Settlements Late Notice Limits of Liability and Additional Costs
	Session: Claims – Part 1 Typical Claim Clauses Interpretation of Claim Clauses Breaches and Remedies
END OF DAY 1

DAY 2

	Session: Claims – Part 2 Basis of Attachment for Policies Date of Loss / Date of Discovery Risks Occurring / Risk Attaching Interlocking
	Session: Loss and Loss Aggregation Clauses Definitions and Function
	Session: Governing Law Clauses Rules Regarding Considerations
	Session: Dispute Resolution Clauses Arbitration / Litigation Venue and Choice of Law Cut-Through and Direct Actions
Break

	Session: Excess Treaties Clauses Bad Faith and Extra-Contractual Obligations Punitive Damages
	Session: Rights and Duties Clauses Access to Records Audit Rights Claims Cooperation / Right of Association Offset Clause
	Session: Open Forum & Wrap Up Issues of Interest to Attendees Recent Developments Resources Available

COURSE OUTLINE

Reinsurance Contract Wordings
DAY 1

	Session: Introduction to Reinsurance The Importance of Reinsurance Contract Wording Introduction to Reinsurance Reinsurance Types and Structures
	Session: Reinsurance Contracts The Nature of Reinsurance Contracts Intent of the Parties Honorable Engagement Duty of Utmost Good Faith Legal Considerations Principles of Contract Interpretation Principles Unique to Reinsurance Structure Common to Most Reinsurance Contracts
	Session: Incorporation of ‘Clauses’ into Reinsurance Contracts Overview of Clauses The Importance of Consistency Clauses Common to Most Reinsurance Contracts Clauses Required Under State Regulation
Break

	Session: The “Follow” Clauses Follow the Fortunes / Follow the Settlements Late Notice Limits of Liability and Additional Costs
	Session: Claims – Part 1 Typical Claim Clauses Interpretation of Claim Clauses Breaches and Remedies
END OF DAY 1

DAY 2

	Session: Claims – Part 2 Basis of Attachment for Policies Date of Loss / Date of Discovery Risks Occurring / Risk Attaching Interlocking
	Session: Loss and Loss Aggregation Clauses Definitions and Function
	Session: Governing Law Clauses Rules Regarding Considerations
	Session: Dispute Resolution Clauses Arbitration / Litigation Venue and Choice of Law Cut-Through and Direct Actions
Break

	Session: Excess Treaties Clauses Bad Faith and Extra-Contractual Obligations Punitive Damages
	Session: Rights and Duties Clauses Access to Records Audit Rights Claims Cooperation / Right of Association Offset Clause
	Session: Open Forum & Wrap Up Issues of Interest to Attendees Recent Developments Resources Available


	Our Trainer is an accomplished Reinsurance Professional with over 30 years hands-on exposure to designing and negotiating Reinsurance Contracts with leading International reinsurers as Swiss Re, SCOR, Catlin, GIC Re et al. Have achieved optimal terms for start-up cedants with a view to facilitate growth and enhance market share. Negotiating all aspects of the treaty Program has been a forte to achieve best of breed solutions. This frequently encompassed incorporating clauses best suited for cedants with a view to manage exposure amidst suitable capacity. Treaty Programs and Facultative covers have been adroitly handled from a value-added perspective”

Our Trainer

is an accomplished Reinsurance Professional with over 30 years hands-on exposure to designing and negotiating Reinsurance Contracts with leading International reinsurers as Swiss Re, SCOR, Catlin, GIC Re et al. Have achieved optimal terms for start-up cedants with a view to facilitate growth and enhance market share.

Negotiating all aspects of the treaty Program has been a forte to achieve best of breed solutions. This frequently encompassed incorporating clauses best suited for cedants with a view to manage exposure amidst suitable capacity. Treaty Programs and Facultative covers have been adroitly handled from a value-added perspective”

	Delegate Fee $699
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Registration fee only covers cost of all sessions & presentations. Fee is not inclusive of 9% Admin/Bank Charges.

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Who should attend

This course is relevant to all types of reinsurance claims and placing practitioners. The course is designed for people who understand the concepts of reinsurance and the covers that are available who would like an in depth knowledge of the clauses that play a major part in claims and placing negotiation.

Reinsurance Brokers
Reinsurance Contract Specialists
Contract Managers
Reinsurance Treaty Analysts
Reinsurance Managers/Agent
Reinsurance Analysts
Wordings Managers/Technicians
Reinsurance technicians
Underwriting Managers
Underwriter
Claims managers
Loss adjusters
Wordings specialists
In-house lawyers
Contract Administrators
Lawyers in private practice
Insurance and Reinsurance Professionals

ABOUT THE COURSE

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