Reinsurance and the Law of Aggregation

Reinsurance and the Law of Aggregation
Author :
Publisher : Routledge
Total Pages : 190
Release :
ISBN-10 : 9781000329100
ISBN-13 : 1000329100
Rating : 4/5 (100 Downloads)

Book Synopsis Reinsurance and the Law of Aggregation by : Oliver D. William

Download or read book Reinsurance and the Law of Aggregation written by Oliver D. William and published by Routledge. This book was released on 2021-01-28 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: In excess of loss reinsurance, the reinsurer covers the amount of a loss exceeding the policy’s deductible but not piercing its cover limit. Accordingly, a policy’s quantitative scope of cover is significantly affected by the parties’ agreement of a deductible and a cover limit. Yet, the examination of whether a loss has exceeded deductible or cover limit necessitates an educated understanding of what constitutes one loss. In so-called aggregation clauses, the parties to (re-)insurance contracts regularly provide that multiple individual losses are to be added together for presenting one loss to the reinsurer when they arise from the same event, occurrence, catastrophe, cause or accident. Aggregation mechanisms are one of the core instruments for structuring reinsurance contracts. This book systematically examines each element of an aggregation mechanism, tracing the inconsistent usage of aggregation language in the markets and scrutinizing the tests developed by courts and arbitral tribunals. In doing so, it seeks to support insurers, reinsurers, brokers and lawyers in drafting aggregation clauses and in settling claims. Focusing on an analysis of primary sources, particularly judicial decisions, the book interprets each judicial decision to describe a system of inter-related rules, collating, organising and describing the English law of aggregation as applied by the courts and arbitral tribunals. It further draws a comparison between the English position and the corresponding rules in the Principles of Reinsurance Contract Law (PRICL).


Reinsurance and the Law of Aggregation Related Books

Reinsurance and the Law of Aggregation
Language: en
Pages: 190
Authors: Oliver D. William
Categories: Law
Type: BOOK - Published: 2021-01-28 - Publisher: Routledge

GET EBOOK

In excess of loss reinsurance, the reinsurer covers the amount of a loss exceeding the policy’s deductible but not piercing its cover limit. Accordingly, a po
The Insurance and Reinsurance Law Review
Language: en
Pages:
Authors: Peter Rogan
Categories: Insurance law
Type: BOOK - Published: 2014 - Publisher:

GET EBOOK

The Law of Reinsurance
Language: en
Pages: 0
Authors: Colin Edelman QC
Categories: Law
Type: BOOK - Published: 2013-01-10 - Publisher: OUP Oxford

GET EBOOK

Providing a complete analysis of the law of reinsurance this new edition gives extended consideration to complex areas, such as good faith, and issues on which
Reinsurance Practice and the Law
Language: en
Pages: 0
Authors: Barlow Lyde & Gilbert
Categories: Reinsurance
Type: BOOK - Published: 2009 - Publisher: Informa Law from Routledge

GET EBOOK

Designed to reduce, to the absolute minimum, the legal difficulties involved in UK reinsurance transactions, this book covers all the areas of reinsurance that
Directors' and Officers' Liability Insurance
Language: en
Pages: 225
Authors: Adolfo Paolini
Categories: Law
Type: BOOK - Published: 2020-11-25 - Publisher: Taylor & Francis

GET EBOOK

“With the ever increasing number of claims against directors and officers, this book provides a very welcome addition to the bookshelves which hitherto have l