Risk Financing and Captives Articles

Reinsurance

The Reinsurance Relationship—How Special Is It?

2000-12-01 | Larry Schiffer

While some have written off the duty in these modern times, most insurance and reinsurance professionals still adhere to the precepts of the legal duty of utmost good faith. This article examines this duty that is so fundamental to the reinsurance relationship and how it has changed.

Reinsurance

Adventures in Contract Wording: The Effect of Ambiguous Reinsurance Contract Language

2000-09-01 | Larry Schiffer

This article examines some of the problems that can occur because of imprecise reinsurance contract language and what can be done to avoid this scenario.

Reinsurance

Are Punitive Damage Awards Recoverable under Reinsurance Agreements?

2000-06-01 | Larry Schiffer

The reinsurability of punitive damages depends on the reinsurance contract and the public policy of the relevant jurisdiction, with extracontractual obligations clauses (ECOs) offering some coverage despite state restrictions. Larry Schiffer explains.

Reinsurance

Reinsurance Matters

2000-03-01 | Larry Schiffer

The quality of the reinsurance security purchased by the direct insurer is what helps to ensure that losses will be paid. Larry Schiffer looks at the reinsurance function, relationship, claims services, and fronting arrangements.