Reinsurance Working Party

Next Meeting

The next meeting of the Reinsurance Working Party will be in Istanbul at a conference to be organised by the Turkish Chapter from 3 to 5 May 2012.

The Reinsurance Working Party meeting will take place on 3 May from 16.15 - 18.15 and the topics for discussion are:

• 1. Anti-suit injunctions in various jurisdictions.
• 2. The London Market excess of loss (LMX spiral) and the legal issues that have arisen.

Previous Meetings

Tel Aviv, September 2011

The last meeting of the Reinsurance Working Party took place in Tel Aviv at the Israeli AIDA Chapter conference on 8 September.  The two subjects for discussion at the meeting were:

1. Arbitration (and Jurisdiction) Clauses in Reinsurance Contracts and how these are protected by anti-suit judgments and declaratory claims - the presentation was led by Dr Shahar Weller with a contribution by Rob Merkin - a copy of Shahar's presentation is attached here.
2. Extra Contractual Liability on Reinsurers for example, punitive damages and defence costs - with a presentation by Ozlem Gurses and again, a contribution by Rob Merkin - a copy of Ozlem's presentation is attached here.

Amsterdam, May 2011

The last meeting of the Reinsurance Working Party took place in Amsterdam at the AIDA Europe Conference on Thursday 26 May 2011.  The Agenda and presentations made by David Greenwald and Kyriaki Noussia are set out below:

Agenda.

Presentation by David Greenwald, Jenner & Block  LLP - "Catastrophe Bonds and the Insurance-Linked Securities Market: A Reinsurance Coverage Lawyer's View of the Securitization Model."

Presentation by Dr Kyriaki Noussia, I K Rokas & Partners - " Confidentiality in Arbitration: A Comparative Jurisdictional Perspective."

oOo 

Lisbon, November 2010 

A Reinsurance Working Party meeting took place in Lisbon at the Portuguese/Spanish Chapter's AIDA Conference on the afternoon of Thursday 11 November 2010.  The Agenda and presentations from that meeting can be seen below:

Agenda

Fronting and Captives

Presentation by Michelle George, Chadbourne & Parke (London) LLP - An English viewpoint

Presentation by Jorge Angell, LC Rodrigo Abogados, Madrid - A Spanish viewpoint

Presentation by Sergio Mello, Pellon & Associados Advocacia, Rio de Janeiro - A Brazilian viewpoint

Reinsurance Allocations

A Presentation by Rob Merkin, Professor, Southampton University and Consultant, Norton Rose LLP

oOo 

Paris, 2010 

The Reinsurance Working Party met in Paris on the occasion of the XIII AIDA World Congress on 19 May 2010.

The agenda is attached as well as:

Broker Issues: "Conflicts of Interest faced by Reinsurance Brokers and Duties owed by Producing and Placing Brokers to the Reinsured"

Presentation and Powerpoint - Kyriaki Noussia, LL.M Ph.D

Presentation and Powerpoint - Mark Radford, Partner, Colin Biggers & Paisley

Reinsurance Snakes and Ladders - "Legal Developments which help or hinder Cedants in Recovering Insurance Indemnities".

Copy of slides  - Michael Mendelowitz, Partner, Norton Rose LLP

Powerpoint - Andy Douglass, Morrison Mahoney LLP

The New Reinsurance Market in Brazil - What has changed in 2 years?

Powerpoint - Luis Felipe Pellon, Pellon & Associados

oOo

Budapest, 2008

The Reinsurance Working Party met in Budapest on 28 November 2008.  Two powerpoint presentations from that meeting by Peggy Sharon of Levitan, Sharon & Co are below:

Reinsurance-which system of law? and Limitation periods