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The Law of Reinsurance: Second Edition
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The Law of Reinsurance: Second Edition

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Overview
Published 10 Jan 2013 (OUP)
ISBN: 9780199665044. Hard Cover, 248 pages.
Description

  • Every aspect of reinsurance law covered from definition and purpose to types of reinsurance
  • Addresses undecided and tough issues such as single and double proviso follow settlements clauses, 'follow fortunes', commutations, and interlocking clause 
  • Guidance provided on contractual principles and terms, obligations, rights, and liabilities of the reinsurer and choice of law 
  • Written by reinsurance specialists with experience in arbitration allowing readers to benefit from the analysis of difficult topics
New to this edition 

  • Covers the huge number of significant cases since the last edition including Wasa v Lexington (HL) Includes a glossary of reinsurance terms for easy reference
  • Gives a more thorough analysis of the role of good faith in reinsurance contracts 
  • Contains a summary of the difference between reinsurance and direct insurance
This concise and accessible guide to reinsurance law is an easy-to-read specialist reference focusing solely on reinsurance. The second edition builds on the success of the first which filled a gap in the market for an easy to use and pithy explanation of the law in this field avoiding the need to recount the whole of general insurance law. With usability and practicality in mind a number of features have been further developed in this edition. 

The authors have provided more guidance on areas which are undecided by the courts such as Follow the Settlements, incorporation, non-disclosure, and misrepresentation. Areas of complexity such as the role of good faith in reinsurance contracts have also been given greater coverage in this second edition. Also new to this edition is a glossary of reinsurance terms which helps to make the volume even more accessible. 

This book is both practical and authoritative, and is successful in isolating the key issues in reinsurance law to provide an easy and reliable reference source. It is a must-have work for all reinsurance practitioners. 

Readership: Reinsurance practitioners, particularly lawyers, insurers and reinsurers, and claims handlers, scholars and post-graduate students worldwide. 

Contents

1: Functions, Definitions, and Types of Reinsurance 

2: The Formation of the Reinsurance Contract 

3: The Reinsurance Contract - Construction and Terms

4: Obligations of the Reinsurer 

5: Rights of the Reinsurer 

6: Denying Liability 

7: Applicable Law and Jurisdiction

Colin Edelman QC is a barrister in practice at Devereux Chambers in London. Having graduated from Clare College, Cambridge, he was called to the Bar in 1977 and became a Queen's Counsel in 1995. He was elected Head of Chambers in 2002 and a Bencher of Middle Temple in 2003. In 1993 he was appointed an Assistant Recorder and became a Recorder in 1996. His practice is predominantly in the fields of insurance, reinsurance and professional negligence and he is often appointed as an arbitrator in insurance and reinsurance disputes. 

Andrew Burns is a barrister at Devereux Chambers in London.

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