National Forum on

Reinsurance Agreements

Creating Profitable and Stable Business Arrangements

Monday, May 16, 2005

About


Although handshake deals have long been a thing of the past, the reinsurance industry had maintained a reputation for informality and collegiality between business partners. Disputes between cedents and reinsurers were often avoided in the interest of preserving long-term relationships. But industry practices have changed. And after a significant hardening of the market and the changes ushered in after 9/11, insurers and reinsurers face a demanding business environment where the terms and conditions of an agreement may be of greater consequence than the price.

To minimize the possibility that business partners end up in protracted and expensive disagreements-or terminating an agreement-companies are now emphasizing the importance of getting it right from the beginning. This means developing clear and thorough reinsurance agreements. Gone are the days where a short placement slip could be signed with the confidence that potential snags would be ironed out down the road. Now companies are devoting time and effort to contracts that address a broad range of issues. The new challenge is creating reinsurance agreements that will benefit-not imperil-the future of the business.

To guide you through these times of change, American Conference Institute's Comprehensive Guide to Reinsurance Agreementspublication provides you with the most current strategies for creating contracts that will secure profitable and stable business arrangements for your company. An outstanding faculty of industry leaders give you practical guidance on:

  • How to address key issues in the agreements
  • Approaching security requirements to protect your company from loss
  • Protecting your interests in the dispute resolution clause
  • Updates on TRIA and terrorism provisions
  • What new regulatory developments will impact your agreements

Contents & Contributors

About


Although handshake deals have long been a thing of the past, the reinsurance industry had maintained a reputation for informality and collegiality between business partners. Disputes between cedents and reinsurers were often avoided in the interest of preserving long-term relationships. But industry practices have changed. And after a significant hardening of the market and the changes ushered in after 9/11, insurers and reinsurers face a demanding business environment where the terms and conditions of an agreement may be of greater consequence than the price.

To minimize the possibility that business partners end up in protracted and expensive disagreements-or terminating an agreement-companies are now emphasizing the importance of getting it right from the beginning. This means developing clear and thorough reinsurance agreements. Gone are the days where a short placement slip could be signed with the confidence that potential snags would be ironed out down the road. Now companies are devoting time and effort to contracts that address a broad range of issues. The new challenge is creating reinsurance agreements that will benefit-not imperil-the future of the business.

To guide you through these times of change, American Conference Institute's Comprehensive Guide to Reinsurance Agreementspublication provides you with the most current strategies for creating contracts that will secure profitable and stable business arrangements for your company. An outstanding faculty of industry leaders give you practical guidance on:

  • How to address key issues in the agreements
  • Approaching security requirements to protect your company from loss
  • Protecting your interests in the dispute resolution clause
  • Updates on TRIA and terrorism provisions
  • What new regulatory developments will impact your agreements

Contents & Contributors


OVERCOMING CHALLENGES RELATED TO SPECIFIC LINES OF BUSINESS
David N. Kragseth, American Re-Insurance Company

MINIMIZING THE IMPACT OF INSOLVENCY ON YOUR REINSURANCE AGREEMENTS
James Veach, Partner, Mound, Cotton, Wollan & Greengrass

TERRORISM EXCLUSIONS, TRIA REPLACEMENT WORDING AND TRIA INURING PROVISIONS
Joseph L. Pulvirenti, Partner Reinsurance Company of the US

REEVALUATING TRIA, TERRORISM OUTSIDE OF THE U.S., AND NBC AND NBCR
Brooks White, Zurich North America

TERRORISM RISK INSURANCE ACT OF 2002: AN OVERVIEW
J. Stephen Zielezienski, American Insurance Association

REINSURANCE CONTRACTS: SPECIAL TERMS AND CONDITIONS
Ronald J. Theleen, Endurance Reinsurance Corporation of America
Richard M. Shaw, The Reinsurance Business of Towers Perrin
Charles S. Ernst, XL America

REINSURANCE II: METHODS OF COLLATERALIZATION AND FUNDING
Donald B. Henderson, LeBoeuf, Lamb, Greene & MacRae LLP

ARBITRATION CLAUSES & CONSIDERATIONS
Maxine Verne, Senior Vice President & General Counsel, SCOR Reinsurance Company
Stephen W. Schwab, Partner, DLA Piper Rudnick Gray Cary US LLP

ARBITRATION: A PRIMER
Stephen W. Schwab, Partner, DLA Piper Rudnick Gray Cary US LLP

STURCTURED RISK CONTRACT WORDING
Kathleen M. Carroll, Marsh & McLennan Companies

CREATING A REINSURANCE CONTRACT
Kathleen M. Carroll, Guy Carpenter & Company Inc.



DOCUMENT TYPES: PRESENTATIONS AVAILABLE: 0