A step-by-step In-house introduction to the world of reinsurance wordings for executives and lawyers who are new to the industry or would like to refresh their knowledge and skills
Precision at the drafting stage on contracts is paramount to avoiding the frequent and small nuances that can land reinsurance companies in trouble. Ensuring you have a thorough understanding of the common clauses and legal considerations is essential to drafting effective wordings that will protect your organization and mitigate against substantial legal risk.
This workshop includes all the important issues, which need to be taken into consideration at the contract negotiation and drafting phase. The expert faculty will take participants through the wording of the contract clauses, which are most problematic, drawing on their own considerable experience to highlight the pitfalls and challenges that can be avoided using clear and thorough contracts. They will use recent cases and best practice as reference.
Why you should attend
By attending this workshop, you will develop your knowledge and drafting skills in the key areas of reinsurance contract wordings. Topics will include:
Anyone who is new to the industry or would like to refresh their knowledge of the key legal considerations when drafting useful and effective reinsurance contracts, including:
Introduction to the nature of reinsurance contracts
Understanding the incorporation of clauses
Follow clauses and settlements – avoiding disputes
Defining the loss/aggregation clauses
Choice of law clauses
Dispute clauses including the Bermuda Form Arbitration Clause
The hybrid clause – Bermuda Form
Collateral and early termination clauses