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.
What duty does a primary insurer owe to an excess carrier?
15/02/2013 A primary liability carrier usually owes no duty to excess insurers, even though those insurers bear the cost of excess judgments. If the primary…
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.
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