Reinsurance Contract Wordings
20th-21st October 2022 Americas
OverviewAgendaCourse LeaderRegisterVenueContact
ABOUT THE COURSE
COURSE OUTLINE
Reinsurance Contract Wordings
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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
|
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 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”
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Registration fee only covers cost of all sessions & presentations. Fee is not inclusive of 9% Admin/Bank Charges.