Jorden Burt LLP
Uberrimae fidei: contracting with the utmost good faith
15/11/2010 The doctrine of uberrimae fidei, or utmost good faith, has been invoked in reinsurance disputes for many years.
The benefits of cat bonds for ceding insurers and the potential for life and annuity risk bonds
27/08/2012 This has been an extraordinary year for cat bonds, with the largest single cat bond issue ever sold by a special purpose vehicle, the $750 million Everglades Re Florida hurricane risk cat bond, and a near record aggregate amount of risks placed in the market in a single year.
"Reinsurance accepted” clause interpreted to define maximum exposure, including expenses
05/05/2010 A court has found that a reinsurer's (Global Reinsurance Corporation of America) maximum exposure under a facultative certificate is $1 million dollars, inclusive of expenses.
E-mails constitute signed writings to modify contracts
02/06/2008 Any supplement to or modification of any provision of this Agreement must be in writing and signed by authorized representatives of both parties.
English court holds insurance “tower” of multiple layers of excess of loss insurance incurred simultaneous liability
24/01/2012 An English court held that a professional indemnity insurance “tower” of multiple excess of loss policies incurred liability simultaneously, rather than sequentially as each policy’s limits were exhausted.