Course overview
Reinsurance contract drafting has undergone a fundamental shift. Recent systemic loss events - including pandemics, cyber incidents and major catastrophe losses - have exposed weaknesses in traditional wordings, particularly around aggregation, follow clauses, exclusions and claims control.
At the same time, regulatory expectations have intensified scrutiny on contract clarity, intent alignment and risk transfer effectiveness.
This training course provides a practical, market-focused look into modern reinsurance drafting, combining:
- Legal developments (including a review of the Insurance Act 2015 ten years on)
- Post-Covid and emerging risk claims experience
- Practical dispute avoidance and resolution strategies
The focus throughout is on ensuring contractual intent is accurately captured and defensible under pressure, reducing the likelihood of costly disputes.
Key topics covered include:
- Advanced drafting of follow clauses and settlement provisions
- Aggregation in the context of systemic and correlated risks
- Exposure through poor drafting - the pitfalls of silent cyber drafting
- Post-Covid claims trends and coverage disputes
- Climate and catastrophe-related drafting challenges
- Notice, claims control and cooperation in complex claims
- Dispute resolution strategy and arbitration practice
This training course focuses on the advanced, up-to-the-minute issues and gives you the opportunity to ask your questions to the expert trainers.
CPD Hours: 6
Course Content
- Day 1
- Follow wordings - issues, options and effective drafting
- Legal and Regulatory framework: From Statute to market practice
- Notice, information and claims control/cooperation clauses
- Drafting watertight reinsurance clauses: some common mistakes
- Developments in property and casualty clauses
- Aggregation
- Regulatory considerations in a new product launch
- Being prepared for reinsurance disputes: Wordings and their role in dispute resolution
Speakers
Simon Cooper
Simon is a consultant in the Global Speciality & Financial Risks team at DWF Law LLP. He has more than 35 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 England and Internationally. Simon also has comprehensive experience of mediation and other forms of Alternative Dispute Resolution.Simon is a member of the IUA Clauses Subcommittee and past secretary of the International Bar Association's insurance committee. He edited the second edition of ‘Reinsurance Practice & the Law’ and writes and lectures frequently on legal issues. He is the current Lloyd's Members Ombudsman
Duncan Strachan
Duncan 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.
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.
Who Should Attend
Who should attend?
This training course is applicable for all those involved in the drafting and implementation of reinsurance wordings or who deal with reinsurance disputes, including:
- Wordings specialists and technicians
- Underwriters and reinsurance buyers
- Claims managers and handlers
- Wordings specialists
- In-house lawyers / counsel
- Lawyers in private practice specialising in insurance/reinsurance
