Overview

Updated and expanded with a new chapter on finite reinsurance, Reinsurance Law provides you with a thorough knowledge of industry basics - from the nature and purpose of reinsurance, to the principal forms and structures of reinsurance, to reinsurance markets, costs, and commissions.It provides you with knowledge of: the Utmost Good Faith and Follow-the-Fortune doctrines - including the rights, duties, and liabilities of cedents and reinsurers under these doctrines, how the courts continue to reshape the doctrines, and on what points the courts disagree; sound drafting practices - with practical advice on what provisions to include in agreements that reduce the risk of disputes, including bitter battles over alleged late notice by cedents; role of intermediaries - including their duties to cedents and reinsurers and how to formalise their complicated obligations in contracts to avoid legal conflicts; and, the value of arbitration - with insight into arbitration's mechanics, arbitration's flexibility and fairness, and contract provisions that can automatically trigger this remedial process.

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9781402406157

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