"The Law of Reinsurance" provides a comprehensive guide to both the law and practice in this complex area of law. This new edition has been extensively revised following a period of significant change in the reinsurance market - including major new legislation in the UK and Bermuda, new case law in the Court of Appeal and House of Lords and important developments at Lloyds. It is a definitive reference source for practitioners, covering general principles of the reinsurance contract, examining particular reinsurance agreements in detail, and all relevant areas of agency law. Procedural issues in reinsurance litigation and arbitration are also covered. This is a new edition of the key text in this area. It is revised to incorporate major changes in the law. This the only text that includes Bermuda law and regulation (now the world's second most important reinsurance market after London) and includes in-depth coverage of insolvency and brokers' accounting issues not found elsewhere.
Nature Terminology and definition of Reinsurance, Introduction to the Reinsurance Market, Formation of the Reinsurance Contract, The Relationship between the Reinsurance Contract and Original Insurance Contracts, The Reinsurer's Rights and his Obligations to pay the Claims and Settlements of the Reinsured, The Reinsurer's grounds for Denying Liability, Financial Reinsurance and Alternative Risk Transfer, The Legal Nature and Duties of Brokers, Reinsurance Litigation, Solvency Regulation and Protection of the Reinsured's Security, Reinsurance Run-offs and the Prospect of Insolvency, Reinsurance Liquidations
