Reinsurance
Advice and support on all types of reinsurance contracts
(facultative and treaty), dispute resolution, collection of
reinsurance recoveries and drafting of policy wordings/associated
documents.
Aggregation, follow settlements/loss settlements, incorporation
of terms, accounts, inspections and limitation are some of the
clauses contained in reinsurance contracts that continue to give
rise to disputes in the international reinsurance market.
Weightmans’ London Market Team has in-depth expertise and
experience in dealing with these and other issues arising from
reinsurance contracts. We advise on all classes of reinsurance to
reinsurers or reinsureds, whether based in established markets like
London, Bermuda, North America and Continental Europe or developing
reinsurance hubs such as Singapore, Dublin and the UAE. We have
extensive contacts with reinsurance lawyers around the globe and
are experienced in dealing with matters worldwide.
We fully understand the commercial realities of the market and
are acutely aware of the key issues of cost, management time and
reputation that affect your organisation. Our actions take
particular account of your ongoing commercial relationships and the
effects of establishing precedent, whether in the live or run-off
market.
We work closely with underwriters, inhouse legal and claims
personnel both at pre and post litigation stages. In handling
disputes, we seek to protect your position by bringing cases to a
rapid and satisfactory conclusion, whether by negotiated
settlement, mediation, arbitration or court proceedings.
Our team also offers a reinsurance collections service
specifically tailored at using our experience of dealing with
reinsurers in various jurisdictions including Venezuela, Uruguay,
South Korea, Egypt, Tunisia, Israel, Colombia, Iran, Serbia,
Bulgaria, Philippines and India.
We can also help in the drafting and review of reinsurance
policy wordings, commutations, policy buy-back, settlement and
release, standstill, indemnity, confidentiality and other related
agreements.
"Weightmans LLP's two partner team specialises in general
coverage disputes, and has progressed well since its formation in
2008."
UK Legal 500 2011
