Reinsurance Contract Wordings and Disputes, Bermuda

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.

In this conference, leading experts from the USA, Bermuda and the UK, give a step-by-step guide to the world of reinsurance wordings, making this an ideal programme for new lawyers in the reinsurance industry and a useful refresher for those who are more experienced.

During this conference all the important issues which need to be taken into consideration at the contract negotiation and drafting phase will be highlighted. The programme is designed to be highly practical and plenty of time will be set aside for questions and discussion between the audience and the expert panel of speakers.

THE MOCK DISPUTE

The programme also includes a mock dispute, which is based on a scenario that will be distributed to all delegates. This session features a mock multi-jurisdictional dispute based on contract wording issues and including a hearing on the disclosure of legal advice. Participants from the UK, USA and Bermuda will act as advocates, arbitrators and witnesses.

Who should attend?

• Wordings technicians
• Reinsurance technicians
• Claims managers
• Wordings specialists
• In-house lawyers
• Lawyers in private practice
• Anyone who is involved in the drafting or implementation of reinsurance wordings

The benefits

By attending this conference, you will:
1 MASTER the basic legal principles of reinsurance terms and contract wordings
2 GET-TO-GRIPS with the common clauses and legal considerations
3 GAIN an understanding of claims cooperation clauses
4 LEARN about the complexities of follow and settlement clauses
5 HEAR ABOUT the developments in the London Market with regard to contract certainty
6 GET UP-TO-DATE with latest developments and current practice in choice of law and dispute clauses
7 FIND OUT MORE about loss of rights
8 EXPERIENCE how disputes arising from wordings are dealt with in arbitration

Programme

The dates for this programme are now set. Falconbury are currently working on the programme with Dewey & Leboeuf. The proposed key topics are listed below.

The provisional list of topics to be covered are:
• Contract certainty update – Focus on developments in the US and UK
• Information and reporting clauses
• Credit-related issues
• Property and catastrophe clauses
• Protection against emerging risks in contract wording
• Follow-the-fortunes: Life after Lexington v Wasa
• The history and development of aggregation clauses
• Run-off reinsurance clauses
• The interplay between entire agreement and arbitration clauses

FEATURING – A mock dispute which is based on a scenario that will be distributed to all delegates

To be kept up-to-date with the programme development, latest speakers who have been confirmed as well as special offers which may become available from time-to-time contact us here.

The Fairmont Hamilton Princess

Hamilton, HM CX Bermuda
Tel: +1 441 295 3000 • Fax +1 441 295 2616
Web: Fairmont Hamilton Princess

Among the hibiscus and oleander, on the shores of a picturesque natural harbor, The Fairmont Hamilton Princess Hotel, is an elegant tribute to the old world splendor that is Bermuda. Take a dip in your choice of fresh or saltwater pool or catch the complimentary ferry over to our private Fairmont Beach Club in Southampton.

Accommodation

Falconbury have arranged a preferential rate with the Fairmont Hamilton Princess. In order to take advantage of this please contact the Fairmont Hamilton Princess on +1 441 295 3000, quoting Falconbury and the Reinsurance Contract Wordings and Disputes conference at your earliest convenience to avoid disappointment.

Past delegates’ comments

Some of the comments received by participants on this course:

“Speakers were very confident and knowledgeable”

Simon Pond, Enstar EU Ltd

“Excellent level of detail, v. Knowledgeable presenters, good documentation”

Christina Ouerfelli, Partner Reinsurance Europe Ltd

Main sponsor and advisor

Dewey & LeBoeuf is a full-service law firm providing counsel throughout the Americas, Europe, Russia/CIS, the Middle East, Asia and Africa. With more than 1,200 lawyers in major financial and commercial centers, the firm represents national and global corporations, financial institutions and government agencies in their most complex legal matters. Dewey & LeBoeuf is known for its preeminence in the insurance and reinsurance industry. The firm has distinguished itself through market-leading practice groups in areas such as mergers and acquisitions, complex litigation, intellectual property litigation, white collar and government investigations, international trade, capital markets, structured finance and private equity and tax. The firm has been named “Best Law Firm” for eight consecutive years by the readers of Reactions magazine, as well as “No. 1 in Insurance Transactional and Regulatory in New York” by Chambers USA for the past five years.

For additional information, please visit www.dl.com.

You might also be interested in...

Delegates who attended this course also went on the following courses:

Sector	Course	Type
	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.	Training course & In-house training 7-8 Jun 2010
	Current Issues in Insurance Exit Strategies A practical one-day seminar addressing the key challenges facing exit strategies including run-off and other schemes.	Training course & In-house training
	Finance for Managers in Insurance and Reinsurance A 2-day guide to the essentials of effective financial and commercials skills for non-financial managers working within the insurance and reinsurance sectors.	Training course & In-house training
	Reinsurance Claims Management An intensive day focusing on both the perennial and developing issues in the claims management arena	Training course & In-house training 18 May 2010

Client portfolio

Our client portfolio for this course includes the following companies:

Sponsorship opportunities

The Bermuda programme is still being developed and so this is an ideal time to be in at the start of this great opportunity to reach senior decision makers within the international reinsurance industry.

The sponsorship packages we have available are exclusive, flexible and supported by a global direct marketing campaign in print and on-line.

To find out more view our sponsorship page

Ehi Alonge

Sponsorship and Partnerships Manager
Tel: +44 (0)20 7729 6677
For more information contact us now.