Reinsurance Contract Wordings and Disputes

A step-by-step guide to the world of reinsurance wordings for lawyers and executives who are new to the industry or would like to refresh their knowledge and skills.

17-18 May 2018

GBP 1,299
EUR 1,819
USD 2,026

Book now

Course 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. During this training seminar all the important issues which need to be taken into consideration at the contract negotiation and drafting phase will be highlighted.

Who should attend?

  • Wordings technicians
  • Reinsurance technicians
  • Wordings specialists
  • In-house lawyers
  • Lawyers in private practice

Sample Programme

Day one

An introduction to reinsurance contract wordings

Reinsurance contract wordings in practice

An overview of the clauses needed in reinsurance contracts

PRACTICAL WORKSHOP

The interpretation of contract wordings
A practical interactive workshop focusing on reinsurance contract wordings and their interpretation.

Follow the settlement and follow the fortunes, and ex gratia

Day two

Loss of reinsurer’s rights – including updates under the Insurance Act 2015

Access to records clauses and confidentiality

The concept of contract certainty

Claims control and claims cooperation clauses

Dispute clauses

PRACTICAL WORKSHOP

Mock mediation
A moderated mock mediation of a reinsurance dispute based on a scenario to be provided to delegates

The impact of the Insurance Act 2015 on reinsurance contract wordings

Presenters

Ben Ogden

Ben Ogden is a partner at Ince & Co. He joined the partnership in 2002 and is a member of the firm’s insurance practice specialising in contentious matters. Ben heads up the Alternative Dispute Resolution Group in the firm and regularly mediates claims as an alternative to trial or arbitration. He advises on a wide variety of insurance claims both for and against insurers. He has regularly acted in professional indemnity matters (in particular for solicitors but also for brokers and against surveyors and architects). He also handles re-insurance, marine insurance and political and contingency risk insurance claims.

Phillippa Rowe

Phillippa Rowe, senior partner of independent reinsurance consultants Phillippa Ross & Co., has over 30 years experience of insurance and reinsurance claims in Lloyd’s and the London market and internationally. She began her reinsurance career with 15 years with the Kiln group at Lloyd’s. She currently acts as arbitrator, mediator, expert witness and technical consultant in a wide range of claims, wordings and market practice matters and writes, lectures and provides training courses on similar subjects.

Peter Wedge

Peter Wedge is a legal and claims executive with 30 years broad claims, litigation, and contract drafting experience in the (re)insurance industry. He works at Swiss Re as Global Contracts Knowledge Manager. He previously served as Senior Legal Counsel at Infrassure Limited; Global Head of Claim Solutions with SCOR; and Head of Claims for Alea Limited. Peter is an elected Fellow of the Chartered Insurance Institute and is the author of, inter alia, the Chartered Insurance Institute’s textbook on ‘Claims Management’; ‘Reinsurance Claims Management’ published by Witherbys.

Kevin Lazarus

Kevin Lazarus is a solicitor in the legal and compliance team at Lloyd’s advising the corporation. Before joining Lloyd’s in 2006 he was a solicitor in private practice including at Barlow Lyde & Gilbert where he specialised in reinsurance litigation. Kevin is the co-editor of the Research Handbook on International Insurance Law & Regulation published by Edward Elgar Publishing. At the end of 2013, the Research Handbook was awarded the BILA Insurance Law Book Prize. Kevin is a committee member of the British Insurance Law Association (BILA).

Melanie Rouvray-Kampe

Melanie Rouvray-Kampe works in Claims & Reinsurance within the Group Legal Services department at the head office of the Hannover Re Group in Hannover, Germany. The section is responsible for the legal support of the operational business such as drafting of wordings, clauses and reinsurance agreements and all types of litigation, arbitration and mediation as well as the handling of special claims.

Melanie was born in England and attended legal studies at the University of Hannover and subsequently completed her practical legal training in the region of Hannover and in Brussels. She joined Hannover Re in 2002. She is an attorney at law qualified in Germany and admitted to the German Bar Association and the High Court of Hannover. She gives legal support to the US, UK, Canadian and Australian treaty and facultative departments, as well as the Structured Reinsurance division.

Simon Kilgour

Simon Kilgour is partner at CMS Cameron Mckenna LLP. He acts for domestic and overseas insurers and reinsurers on complex, high value or non-standard coverage disputes or market issues. His work is mainly international and includes advising on wordings, inspections, inwards & outwards coverage disputes and commercial and corporate work relating to the conduct of (re)insurance companies.

Simon is a leading innovator of online contract checking solutions. Simon is ranked as a leading lawyer in Insurance Law by SuperLawyers 2013. He is also ranked in the leading independent legal directories and was named as one of the leading reinsurance lawyers in Europe in an international survey of in-house counsel by Bermuda: Re magazine and recommended as “the top of [his] field” in Intelligent Insurer’s survey of in-house counsel.

Simon Cooper

Simon Cooper is a Partner in the Insurance and Reinsurance Group of Ince & Co LLP. He has more than 27 years’ experience of advising clients in the London and international insurance and reinsurance markets and has extensive experience of acting in large scale disputes in the English Commercial Court and appellate Courts, in ad hoc arbitrations and in overseas jurisdictions. Many of these disputes have involved multiple parties and complex issues of fact and law. Simon also has comprehensive experience of mediation and other forms of Alternative Dispute Resolution. Simon’s practice focuses on reinsurance, financial lines and professional indemnity business but has included most areas of non-marine business. Simon is recommended in various guides including Legal 500, Chambers and The Euromoney Expert Guide. He is a member of the IUA Clauses Subcommittee and edited the second edition of ‘Reinsurance Practice & the Law’ as well as writing and lecturing frequently.

Bill Perry

Bill Perry was elected as the first Senior Partner of Carter Perry Bailey on the firm’s formation in 2009. He had previously been Senior Partner (and Head of Litigation) of Pickering Kenyon (then the oldest firm of solicitors in England and the only one with a Coat of Arms) before spending 14 years at Charles Russell LLP, the last eight as Head of Litigation and Dispute Resolution. He is past President of Insuralex, CPB’s international network of around 55 specialist firms of (re)insurance lawyers, and the past President of the International Association of Defense Counsel. His reported (re)insurance cases include the crucial AGF/Wasa v Lexington House of Lords decision on ‘back to back’ reinsurance, he has been a ‘Leading Individual’ in (re)insurance for well over a decade, and is known for his niche expertise in fine art claims.

David Abbott

David Abbott is a partner at Clyde & Co LLP and practices across a number of classes of business. He acts for London, international and legacy reinsurance markets and regularly deals with high value prominent and ground breaking issues. He advises on both dispute and non-contentious work. David regularly advises insurers in relation to political risk and trade credit risks and has acted for the London market in a number of recent large losses. He undertakes both coverage work and subrogation actions.

David is co-author of Reinsurance Practice and the Law and Tolleys Insurance Handbook and is English counsel to the Lloyd’s Reinsurance Claims Group. David speaks regularly at conferences on insurance and reinsurance issues and assists market bodies such as the IUA, LMA and CILA.

Richard Cook

Richard Cook joined Charles Taylor Insurance Services as Head of Technical Adjusting in July 2013 from Xchanging Claims Services, where he was Head of Reinsurance. He has over 28 years insurance claims experience in the Lloyd’s and London Insurance Company Market; joining Xchanging from a specialist Reinsurance Lloyd’s Managing Agency, where he was the Group Claims Manager. He has served on numerous major London Market claims committees and has appeared as a Fact Witness in coverage litigation before various United States Federal and State Courts. He has acted as an Expert Witness on London Market Claims Practice in the United States Federal Court in New York and in the High Court in London.

Continuing professional development

This course qualifies for the following CPD programmes:

  • CPD certificate of attendance: 11.30 hours

Book now

17-18 May 2018
17-18 May 2018 Rembrandt Hotel, London GBP 1,299.00
EUR 1,819.00
USD 2,026.00
+ VAT @ 20.00%
Enrol now

You may also be interested in

Reviews

Previous customers include...

  • ACE Tempest Re Europe
  • Advokatfirmaet Simonsen Vogt Wiig AS
  • AGEAS (UK) Ltd
  • ARCH INSURANCE
  • ArgoGlobal
  • AXA
  • Euler Hermes
  • Freshfields Bruckhaus Deringer
  • Guy Carpenter & Company GmbH
  • Haakon Ltd
  • Hannover Rückversicherung AG
  • Hiscox
  • Horten
  • Houthoff Buruma NV
  • If P & C Insurance Company Ltd
  • If P&C Insurance Company Ltd.
  • Korean Reinsurance Company
  • Marsh Brokers Ltd
  • NN Re (Netherlands) N.V.
  • Onderlinge Waarborgmaatschappij OVZ verzekeringen ua
  • Perfect Information
  • Pinnacle Insurance plc
  • Pohjola Insurance Ltd
  • Resolution Management Services Ltd
  • Sirius International Belgium
  • Sirius International Insurance Corporation
  • Standard Life
  • Swiss Re Germany AG
  • Transatlantic Reinsurance Company
  • Waltons & Morse

Well organised engaged speakers willing to discuss scenarios and offer opinions. A practical approach to reviewing historical development of clauses and interpretation in the current environment

RenaStrecker, Reinsurance Operations Manager, Greenlight Re

Some of the speakers clearly engaged sharing their knowledge and experience with the practical issues related to wordings

KateDaly, , Maiden Reinsurance Ltd.

Informative and well presented. Good that audience participation was encouraged.

ChristopherCrane, Senior Associate, Ince & Co

Review content of different speakers to reduce overlap repetition

JanWoloniecki, Head of Litigation, Attride, Stirling & Woloniecki

Time management could have been better. Speakers rushed through all topics and not all attendants were native speakers. Speakers should have this in mind and send relevant law cases before course.

NadineRenneissen, Claims Assistant, R+V Versicherung AG

It was very detailed and informative

TolulopeOnabanjo, Executive (Legal), Continental Reinsurance plc

Very good experiences

FetenMollinier, Senior Reinsurance Underwriter, Euler Hermes Reinsurance AG

Very competent speakers

RicardoRoncato, Legal Counsel & Compliance Officer, New Reinsurance Company Ltd.

Very informative course, very efficient and a perfect introduction for a contract specialist beginner like me

ThomasZelger, , Partner Reinsurance Zurich SE

Very good preparation, professional lecturer. The theoretical level was very high. I recommend more practical reference. Explain why certain exclusions are important, E.G. T&D exclusions. What losses have occurred, that the market has implemented certain clauses?

FabioRosada, UW Property Cat, Vice President, Axis Re Europe

Course itself could have started earlier to allow more time for speakers

AngelaBirkholz, Senior Underwriter, SIRIUS RUCKVERSICHERUNGS SERVICE GMBH

The course was very useful as an introductions to the most important aspects of reinsurance wordings. content, presentation and speakers were all first class.

AlisonClark, Syndicate Reinsurance Administrator, Mitsui Sumitomo Insurance Group

Technical overview and well presented

CharlesFraser, Wordings Technician, Chaucer Syndicates

Excellent lecturers, covered wide range of areas and very well organised.

SandrineRandriamboarison, Property Underwriter, Munich Re France

Clear content, well presented, excellent speaker.

AndrewHolden, senior Broker/Senior account executive, Marnix

The course was very useful as an introductions to the most important aspects of reinsurance wordings. Content, presentation and speakers were all first class.

AlisonClark, Syndicate Reinsurance Administrator, Mitsui Sumitomo Insurance Group

Good speakers with a very profound knowledge giving a lot of useful info in a short period of time. Learned a lot!

PetraMoser, , Haakon Ltd

Course is good but would be more useful to have more time on some subjects to gain a better understanding. Perhaps leave out some topics to give more in depth look of other topics.

AndrewBarker, Reinsurance Technician, Hiscox

Very helpful presentation - good speakers and content. Good venue.

CharlieHann, Reinsurance Technician, Munich RE Underwriting

A very interesting and comprehensive seminar with a broad range of content and engaging speakers

SallyBates, Wordings Specialist , AEGIS Managing Agency

It was interesting and current.

KatrinaDownes, Treaty Specialist, TD Reinsurance (Barbados) Inc

Very helpful course, speakers gave a good presentation and were very knowledgable.

CharlieHann, Reinsurance Technician, Munich RE Underwriting

The course provided a very interesting and comprehensive insight into reinsurance wordings. The speakers were knowledgeable and engaging.

SallyBates, Wordings Specialist , AEGIS Managing Agency