Risk Financing and Captives Articles
Latest Articles
Risk Financing Info
Financial Lines—The New ART Frontier
2001-12-01 | Brent Clark
Brent Clark explains how the blending of classic financial guarantee and surety markets with the alternative risk transfer ART field is resulting in the creation of a market willing to take a customized, problem solving approach to unique risk financing problems.
Reinsurance
Understanding Reinsurance Terminology—Follow-the-Fortunes
2001-10-01 | Larry Schiffer
Larry Schiffer explains this bedrock doctrine that exemplifies the unique business partnership between the reinsured and reinsurer.
Reinsurance
The Trouble with Giving Away the Pen
2001-06-01 | Larry Schiffer
Managing general agents have always been used to provide special expertise to insurance/reinsurance companies. However, they are often viewed negatively. Larry Schiffer discusses some of the problems that arise in a managing agency relationship and suggests viable solutions.
Reinsurance
Cut-Through Provisions in Reinsurance Agreements
2001-03-01 | Larry Schiffer
Larry Schiffer explains how cut-through endorsements are attached, triggered, and employed, and how they may be unenforceable in some jurisdictions.
Risk Financing Info
Commodity Price Insurance and FAS 133
2001-03-01 | Brent Clark
Brent Clark discusses how the new Financial Accounting Standard (FAS 133) affects the accounting treatment between derivatives and insurance when the risk is a CPR and how new alternative risk financing products may develop as a result.
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.
Reinsurance
Adventures in Contract Wording: The Effect of Ambiguous Reinsurance Contract Language
2000-09-01 | Larry Schiffer
Reinsurance
Are Punitive Damage Awards Recoverable under Reinsurance Agreements?
2000-06-01 | Larry Schiffer
