Reinsurance Contract Wordings
17th-18th Feb 2022 North America
OverviewAgendaCourse LeaderRegisterVenueContact
ABOUT THE COURSE
COURSE OUTLINE
Reinsurance Contract Wordings
17th-18th Feb 2022 North America
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| DAY 1 |
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Session: Introduction to Reinsurance
- The Importance of Reinsurance Contract Wording
- Introduction to Reinsurance
- Reinsurance Types and Structures
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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
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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
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| Break |
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Session: The “Follow” Clauses
- Follow the Fortunes / Follow the Settlements
- Late Notice
- Limits of Liability and Additional Costs
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Session: Claims – Part 1
- Typical Claim Clauses
- Interpretation of Claim Clauses
- Breaches and Remedies
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| END OF DAY 1 |
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| DAY 2 |
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Session: Claims – Part 2
- Basis of Attachment for Policies
- Date of Loss / Date of Discovery
- Risks Occurring / Risk Attaching
- Interlocking
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Session: Loss and Loss Aggregation Clauses
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Session: Governing Law Clauses
- Rules Regarding
- Considerations
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Session: Dispute Resolution Clauses
- Arbitration / Litigation
- Venue and Choice of Law
- Cut-Through and Direct Actions
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| Break |
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Session: Excess Treaties Clauses
- Bad Faith and Extra-Contractual Obligations
- Punitive Damages
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Session: Rights and Duties Clauses
- Access to Records
- Audit Rights
- Claims Cooperation / Right of Association
- Offset Clause
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Session: Open Forum & Wrap Up
- Issues of Interest to Attendees
- Recent Developments
- Resources Available
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COURSE OUTLINE
Reinsurance Contract Wordings
17th-18th Feb 2022 North America
|
| 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
|
| |
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
|
| |
| |
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Our Trainer is an accomplished reinsurance professional having been a general counsel, chief legal officer, chief claims officer and chief executive officer with leading international reinsurers. He brings over 30 years of hands-on experience drafting and negotiating reinsurance contracts. In response to the 9/11 World Trade Center attack, he formed the Contract Drafting & Support Unit at Swiss Re which led to contract certainty becoming a priority for the industry. His pragmatic approach to contract negotiation and ‘win-win’ philosophy has produced best-in-class results for reinsurers and cedents alike.
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Registration fee only covers cost of all sessions & presentations. Fee is not inclusive of 9% Admin/Bank Charges.
