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Type Speaker CPD Hours Level
Webinar
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SRA Competency B

Introduction

The COVID-19 pandemic, increasing natural catastrophes and the rapid growth of cybercrime have led to increased scrutiny of the meaning and operation of reinsurance contracts.

This webinar will consider the most recent cases of interest to reinsurers and reinsureds including the lessons to be learnt from the Supreme Court's decision in Financial Conduct Authortiy v. Arch & Others.

We will also review the different reinsurance structures and consider some of the areas of potential dispute.

What You Will Learn

This webinar will cover the following:

  • When losses occur for reinsurance purposes and the notification of insurance losses
  • Claims control and claims cooperation clauses
  • Follow the settlements clauses
  • Different bases of aggregation including: event or occurrence; originating cause; hours clauses and 'sole judge' clauses
  • Proof of loss
  • Triggers of cover and Original Loss Warranty/ILW contracts
  • Potential difficulties with governing law and dispute resolution clauses

This webinar was recorded on 15th September 2021

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Reinsurance Contracts - The Current Issues in English Law

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