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The Law of Reinsurance
The Law of Reinsurance
5th Edition
Series:  Insurance Practitioner's Library
Practice Area:  Insurance Law
ISBN:  9780414068209
Published by:  Sweet & Maxwell
Publication Date:  30 Apr 2019
Format:  Hardback, eBook - ProView
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The Law of Reinsurance has established itself as the definitive guide on reinsurance law and practice in England and Bermuda. This title not only addresses the core principles of reinsurance contracts and regulation but also relevant areas of agency law and dispute resolution procedure. It is relied upon as comprehensive and trusted text that continues to clarify a complex area of law.
This book continues to provide the most comprehensive guidance on reinsurance law and practice in England and Bermuda:

  • Covers the distinct areas of reinsurance contracts, disputes, and regulation.
  • Looks at the legal definition of reinsurance and outlines basic concepts and terminology.
  • Examines the nature and purpose of reinsurance transactions.
  • Explains the formation of reinsurance contracts and general principles such as offer and acceptance, consideration, variation, and termination.
  • Addresses the interpretation of reinsurance contracts and their relationship with original insurance contracts.
  • Discusses market practice in Bermuda and The Bermuda Form.
  • Detailed coverage of the reinsurer’s obligation to pay claims looking at liability, coverage, reinsurer’s rights, and “follow the settlements” clauses.
  • Outlines defences to deny liability such as non-disclosure, misrepresentation, and warranties.
  • Covers financial reinsurance and alternative risk transfer.
  • Goes through the principles of the law of agency and the legal duty of intermediaries.
  • Explains reinsurance disputes and conflict of laws.
  • Includes litigation and arbitration procedural issues, comparing Bermuda arbitration law and the UNCITRAL Model Law.


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