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Insurance divorce

Article Abstract:

Insurance companies and insured persons or organizations undergoing financial or contractual disputes should consider policy buy backs as an option to maintain business. Insurance companies make payments to the insured, who assumes all or some of their current and future losses in most claim areas. Parties contemplating buy backs should undertake a cost/benefit analysis to determine contract lengths, evaluate potential contracts and negotiate an agreement.

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Companies can profit by zeroing in on risk

Article Abstract:

US corporations are paying closer attention to risk management and are turning to products offered by the reinsurance/insurance industry for help, particularly those that incorporate finite risk protection. This trend has inspired the growth of captive insurers and alternative risk transfer. Some of the fastest-growing applications are general business concerns, market-sensitive producers, and environmental and safety regulation.

Analysis, Usage, Risk management

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Closing the loopholes in reinsurance contracts

Article Abstract:

Underwriters should use care when constructing reinsurance contracts to avoid economic risks. The expanded presence of reinsurance in the global market has contributed to the need for detailed reinsurance contracts between reinsurers and cedents. Offset clauses, third party rights, declaratory judgement expenses and severability should be considered when constructing reinsurance contracts.

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