Historically, reinsurance transactions were implemented through "gentlemen's agreements" that limited paperwork, but often resulted in imprecise formulations of risk and benefit.
As competitive pressures on the reinsurance industry have increased, and in the aftermath of some highly unprofitable cycles, reinsurers are more closely scrutinizing losses ceded to them and even the enforceability of entire treaties.
We are experienced in representing ceding companies, reinsurers and retrocessionaires in state and federal courts and before arbitration panels in matters involving facultative and treaty reinsurance. Our attorneys have litigated and arbitrated disputes involving, among other things, adverse selection, over-lining, and other alleged failures to comply with placement terms. We also have litigated disputes involving the rescission of reinsurance treaties, the insolvency of insurers and reinsurers, and the liability of reinsurance intermediaries.