OFAC Compliance and Use of Exclusion Clauses: Explore How the Insurance and Other Industries are Approaching Current Challenges

April 24, 2017 4:10pm

Damian V. Sepanik
Senior Vice President & Chief Compliance Officer
Zurich North America (Chicago, IL)

David Brummond
Of Counsel
DLA Piper (Washington, DC)

  • Application of exclusion clauses in a reinsurance context and participation deals: whose language to follow when a pool of participants is large?
  • Where is the value in the exclusion clause when it could be argued that it is not necessary from a pure contract law perspective (ie, it is not necessary to exclude acts that are already unlawful)?
  • How to ally market realities with regulatory expectations?