Advice & Planning
Working with its London-based and continental European clients in run-off or operating under schemes of arrangement, attorneys in the New York office have worked with clients to develop and implement an extraordinarily successful Letter of Credit Program by which the clients have secured seven-figure reductions in LOCs posted for U.S. cedents. We have extensive experience advising on insurance and reinsurance company insolvencies and run-off.
Our reinsurance attorneys pride themselves on identifying and meeting the client’s requirements and goals in assignment. We strive for long-term relationships that give clients the benefit of the firm’s experience in the insurance and reinsurance industry and knowledge of the client, its operations, history, culture, and personnel.
Examples of Advice and Planning
- Ceding companies preparing to allow, and reinsurers preparing to conduct, inspection of records
- A London association of insurance and reinsurance companies on issues pertaining to formation and antitrust law
- A third-party administrator regarding issues related to a loss portfolio transfer
- A reinsurance and insurance service company in the negotiation of run-off agreements
- Insurance companies in designing policy language in the areas of Directors’ & Officers’ liability and lead pollution
- Many European reinsurers on interpretation of reinsurance contract terms, and the construction that U.S. courts are likely to give those terms
- Ceding companies in commenting on and drafting provisions for reinsurance treaties
- Ceding companies in assessing exposures and presenting claims to reinsurers
- Reinsurers in assessing exposures and asserting possible defenses to claims
- Reinsurers in monitoring legislative and regulatory developments in the United States
- Ceding companies and reinsurers in negotiating commutation agreements
