The Reinsurer’s View of Allocation — Allocation Issues and Methodology When Reinsurance is Involved, Including Follow The Fortunes/Follow the Settlements Trends

June 24, 2016 8:10am

Marc L. Abrams
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

Lawrence S. Greengrass
Senior Counsel
Mound Cotton Wollan & Greengrass LLP

Robin C. Dusek
Freeborn & Peters LLP

Lee Routledge
SVP Claims & Litigation — The Americas

Michael J. Blair
Vice President – Environmental Claims
Gen Re – A Berkshire Hathaway Company

  • Why allocation matters to reinsurers?
  • Allocation Methodology in a Reinsurance Context
  • Allocation and new developments in the “follow the fortunes/follow the settlements” clauses, trends and recent cases
  • To what extent is a reinsurer bound by its cedent’s allocation
  • Is a cedent’s allocation always binding on its reinsurer?
  • Key points of contention between cedents and reinsurers
  • How binding are a cedant’s settlement allocations
  • Latest case law affecting allocation
  • How arbitrators view allocation disputes