Simply put, reinsurance is insurance for insurance companies. Without reinsurance, commercial insurance could not exist. The quality of reinsurance purchased by a direct insurer helps ensure that losses will be paid.  

In our free white paper, Why Reinsurance Matters and Other Must-Know Reinsurance Concepts, reinsurance litigation, arbitration, and mediation expert Larry Schiffer of Squire Patton Boggs (US) LLP will guide you through key reinsurance concepts that everyone needs to know.

• Avoid unclear or sloppy contract drafting that inevitably leads to disputes resulting in expensive arbitration and litigation. 
• Gain key insights into the interplay between fronting arrangements and managing agents to avoid the potential pitfalls that could ensue.
• Learn why a claim to an insurance company may not be a claim to a reinsurer.
• Get insights into cut-through clauses in reinsurance contracts, and learn why you should pay close attention when drafting this important reinsurance provision.
• Know what a ceding insurer must know about what it should, must, or can consider when deciding how to allocate claims settlements to multiple policies over multiple years.
• Learn what you need to know about how existing reinsurance contracts will interact with a loss portfolio transfer to avoid huge problems and future disputes.