Reinsurance industry practices have changed in recent years, placing more and more emphasis and importance on reinsurance contract wordings. It is more apparent that a contract is only an advantage if it exactly reflects what the underwriter intended and the insured expected. If companies want to avoid lengthy and expensive disputes, they must develop clear and thorough reinsurance agreements and avoid frequent and small nuances that can land reinsurance companies in trouble.
This seminar focuses on the more advanced, up-to-the-minute issues.
Benefits of attending
- Get up-to-date with the latest developments in applicable law
- Understand the impact of the Insurance Act 2015 and the Enterprise Act 2016 on your policy wording
- Hear about the role of notice, information and claims control/cooperation clauses
- Grasp and learn to avoid the common mistakes in drafting watertight reinsurance clauses
- Master the latest developments in property and casualty clauses
- Gain knowledge of the regulatory considerations when launching a new product
- Understand the implications of recent judgments involving follow clauses
- Learn how to be prepared for reinsurance disputes and how to deal with them when they arise
Certifications
- CPD: 6 hours for your records
- Certificate of completion
Course Content
Course Provider
Phillippa Rowe,
Phillippa Ross & CoPhillippa 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.
Sherry Goodman-Smith,
DAC BeechcroftSherry Goodman-Smith is a specialist in complex insurance and reinsurance policy coverage disputes. She joined DAC Beachcroft's Global Insurance practice as a partner, based in London, in 2021.
Sherry spent the previous eight years at Simmons & Simmons, most recently as Of Counsel. There she advised London market insurers and reinsurers on large-scale coverage issues, with a particular focus on product liability and recall, international casualty and complex property claims. She has also advised on coverage issues arising from more niche insurance policy wordings, including kidnap and ransom, intellectual property liability, and fine art claims.
Duncan Strachan,
DAC BeachcroftDuncan Strachan is a Partner at DAC Beachcroft LLP. He specialises in complex and international (re)insurance matters across multiple lines of business. His current caseload advising on major energy losses in Ecuador, Peru and Colombia; monitoring US securities class action suits against non-US entities; and advising on exposure to climate change litigation. Duncan’s focus is on international disputes and policy coverage analysis, with particular expertise in Latin America and the Caribbean, due to his familiarity with the legal and political landscape across the region. Duncan is also fluent in Spanish and regularly presents to insurers and reinsurers across the world.
Simon Cooper,
Ince & CoSimon Cooper is a Consultant at Ince & Co LLP. He has 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.
Who Should Attend
- Wordings technicians
- Reinsurance technicians
- Claims managers and underwriters
- Wordings specialists
- In-house lawyers
- Lawyers in private practice
- Anyone who is involved in the drafting or implementation of reinsurance wordings or who deal with reinsurance disputes
