Overview

In reinsurance contracts, it is quite common practice for the wordings, which define the obligations of the parties, to be neglected. This results in the contract being unclear about the relationship between the reinsured and the reinsurer. Unfortunately, issues such as these often cause problems between the parties in later years and can lead to costly disputes.

In this conference, leading experts from the USA, Bermuda and the UK, give a step-by-step guide to the world of reinsurance wordings, making this an ideal programme for new lawyers in the reinsurance industry and a useful refresher for those who are more experienced.

During this conference all the important issues which need to be taken into consideration at the contract negotiation and drafting phase will be highlighted. The programme is designed to be highly practical and plenty of time will be set aside for questions and discussion between the audience and the expert panel of speakers.

The Mock Dispute 

The programme also includes a mock dispute, which is based on a scenario that will be distributed to all delegates. This session features a mock multi-jurisdictional dispute based on contract wording issues and including a hearing on the disclosure of legal advice. Participants from the UK, USA and Bermuda will act as advocates, arbitrators and witnesses.

Who should attend? 

• Wordings technicians;
• Reinsurance technicians;
• Claims managers;
• Wordings specialists;
• In-house lawyers;
• Lawyers in private practice;
• Anyone who is involved in the drafting or implementation of reinsurance wordings.

Benefits 

By attending this conference, you will:
1 MASTER the basic legal principles of reinsurance terms and contract wordings
2 GET-TO-GRIPS with the common clauses and legal considerations
3 GAIN an understanding of claims cooperation clauses
4 LEARN about the complexities of follow and settlement clauses
5 HEAR ABOUT the developments in the London Market with regard to contract certainty
6 GET UP-TO-DATE with latest developments and current practice in choice of law and dispute clauses
7 FIND OUT MORE about loss of rights
8 EXPERIENCE how disputes arising from wordings are dealt with in arbitration. 

Duration

2 Days

Contact

http://www.falconbury.co.uk/public/course/reinsurance-contract-wordings-and-disputes-bermuda/2010-10-06