Reinsurance Agreements

New Approaches for Ensuring Comprehensive and Secure Business Arrangements in a Changing Regulatory Environment

Monday, April 28, 2008

About

In the evolving reinsurance industry, having airtight contracts is more important now than ever before. In light of the relaxed collateral requirements currently under consideration by NAIC and New York state, the desirability of achieving contract certainty in a timely manner, and current trends in the negotiating and wording of key contract provisions, creating comprehensive and secure reinsurance agreements is an absolute necessity. Cedents, reinsurers, brokers, and private practice attorneys specializing in insurance and reinsurance must be prepared to confront the latest challenges and take advantage of the newest opportunities in negotiating and drafting reinsurance agreements.

The American Conference Institute’s publication from the Fourth National Forum on Reinsurance Agreements is specifically tailored to provide you with the knowledge, strategies, and expert advice that you need to:

  • Prepare agreements that account for evolving collateral requirements
  • Achieve specificity and reduce uncertainty of key terms and provisions
  • Overcome obstacles that impair the process of achieving contract certainty
  • Craft special termination and commutation provisions that protect your interests
  • Create comprehensive access to records clauses while maintaining confidentiality
  • Obtain beneficial dispute resolution and arbitration provisions
  • Negotiate and draft alternative reinsurance structures

Contents & Contributors

About

In the evolving reinsurance industry, having airtight contracts is more important now than ever before. In light of the relaxed collateral requirements currently under consideration by NAIC and New York state, the desirability of achieving contract certainty in a timely manner, and current trends in the negotiating and wording of key contract provisions, creating comprehensive and secure reinsurance agreements is an absolute necessity. Cedents, reinsurers, brokers, and private practice attorneys specializing in insurance and reinsurance must be prepared to confront the latest challenges and take advantage of the newest opportunities in negotiating and drafting reinsurance agreements.

The American Conference Institute’s publication from the Fourth National Forum on Reinsurance Agreements is specifically tailored to provide you with the knowledge, strategies, and expert advice that you need to:

  • Prepare agreements that account for evolving collateral requirements
  • Achieve specificity and reduce uncertainty of key terms and provisions
  • Overcome obstacles that impair the process of achieving contract certainty
  • Craft special termination and commutation provisions that protect your interests
  • Create comprehensive access to records clauses while maintaining confidentiality
  • Obtain beneficial dispute resolution and arbitration provisions
  • Negotiate and draft alternative reinsurance structures

Contents & Contributors

COLLATERAL REQUIREMENTS: NEW PROVISIONS TO ADDRESS EVOLVING I REGULATORY REGIMES
Stephen W. Schwab, DLA Piper US LLP

COLLATERAL REQUIREMENTS: NEW PROVISIONS TO ADDRESS EVOLVING REGULATORY REGIMES
Richard M. Shaw, Towers Perrin Reinsurance

ACHIEVING SPECIFICITY IN KEY CLAUSES
Joseph L. Pulvirenti, Partner Reinsurance Company of the U.S.
Rajiv N. Raval, Lovells LLP
Claudio A. Ronzitti, Jr., ACE Tempest Re Group

SPECIAL TERMINATION CLAUSE CONSIDERATIONS
Edward Kelley, Transatlantic Reinsurance Company

SPECIAL TERMINATION CLAUSE CONSIDERATIONS
Brooks White, Zurich North America

ACCESS TO RECORDS CLAUSES
James Foster, Everest Reinsurance Company and Mt. McKinley Insurance Company
Deirdre G. Johnson, Dewey & LeBoeuf LLP
Damon N. Vocke, General Reinsurance Company

ARBITRATION CLAUSES
James Foster, Everest Reinsurance Company and Mt. McKinley Insurance Company
Peter Szendro, Willis Re Inc.
Brett H. Ludwig, Foley & Lardner LLP
James Veach, Mound Cotton Wollan & Greengrass

CAT BONDS, SIDECARS AND ILWs: NEGOTIATING AND DRAFTING ALTERNATIVE REINSURANCE STRUCTURES
David N. Kragseth, Munich Reinsurance America, Inc.

CAT BONDS, SIDECARS AND ILWs: NEGOTIATING AND DRAFTING ALTERNATIVE REINSURANCE STRUCTURES
Albert J. Pinzón, Stroock & Stroock & Lavan LLP

ALTERNATIVE REINSURANCE STRUCTURES
Amy Stern, Willis Capital Markets



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