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.

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

Continuing professional development

This course qualifies for the following CPD programmes:

  • CPD certificate of attendance: 11.30 hours

Book now

We do not currently have dates confirmed for this course; please contact us to be informed when it is scheduled; or to discuss running this course on an in-house basis for your staff.

You may also be interested in

Previous customers include...

  • Antares Underwriting Services Limited
  • Aon Limited Representative Office
  • AXA Konzern AG
  • Badertscher Dörig Poledna
  • Brit Insurance
  • Chaucer Syndicates
  • Corporation of Lloyd's
  • Garant Versicherungs AG
  • Ingosstrakh ONDD Credit Insurance LLC
  • Insurance Management Services Ltd
  • Lloyd's of London
  • Lockton Companies International Ltd
  • MAPFRE SA
  • New Reinsurance Company Ltd.
  • Partner Reinsurance Europe Ltd
  • Partner Reinsurance Europe SE
  • PartnerRe
  • Perfect Information
  • PRO Insurance Solutions Ltd
  • PT Asuransi Jasa Indonesia (Persero)
  • QBE Management Services (UK) Ltd
  • Quicklink Insurance Brokers Limited
  • Russia Reinsurance Company
  • SCOR Global P&C
  • SCOR Switzerland Ltd
  • Sirius International Insurance Corporation
  • Swiss Reinsurance Company Ltd
  • Towers Watson (Re) Insurance Brokers Ltd
  • Wasa Insurance Run-Off Co Ltd
  • White & Case LLP

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

Rena Strecker, Reinsurance Operations Manager, Greenlight Re

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

Kate Daly, , Maiden Reinsurance Ltd.

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

Christopher Crane, Senior Associate, Ince & Co

Review content of different speakers to reduce overlap repetition

Jan Woloniecki, Head of Litigation, Attride, Stirling & Woloniecki

It was very detailed and informative

Tolulope Onabanjo, Executive (Legal), Continental Reinsurance plc

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.

Nadine Renneissen, Claims Assistant, R+V Versicherung AG

Very good experiences

Feten Mollinier, Senior Reinsurance Underwriter, Euler Hermes Reinsurance AG

Very competent speakers

Ricardo Roncato, Legal Counsel & Compliance Officer, New Reinsurance Company Ltd.

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

Angela Birkholz, Senior Underwriter, SIRIUS RUCKVERSICHERUNGS SERVICE GMBH

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

Thomas Zelger, , 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?

Fabio Rosada, UW Property Cat, Vice President, Axis Re Europe

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

Sandrine Randriamboarison, Property Underwriter, Munich Re France

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

Alison Clark, Syndicate Reinsurance Administrator, Mitsui Sumitomo Insurance Group

Technical overview and well presented

Charles Fraser, Wordings Technician, Chaucer Syndicates

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

Alison Clark, Syndicate Reinsurance Administrator, Mitsui Sumitomo Insurance Group

Clear content, well presented, excellent speaker.

Andrew Holden, senior Broker/Senior account executive, Marnix

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.

Andrew Barker, Reinsurance Technician, Hiscox

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

Sally Bates, Wordings Specialist , AEGIS Managing Agency

It was interesting and current.

Katrina Downes, Treaty Specialist, TD Reinsurance (Barbados) Inc

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

Petra Moser, , Haakon Ltd

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

Charlie Hann, Reinsurance Technician, Munich RE Underwriting

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

Charlie Hann, Reinsurance Technician, Munich RE Underwriting

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

Sally Bates, Wordings Specialist , AEGIS Managing Agency