The Law of Reinsurance, 3rd Edition

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The Law of Reinsurance, 3rd Edition

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This concise and accessible guide to reinsurance law is an easy-to-read specialist reference focusing solely on reinsurance. Every aspect of the core and subsidiary principles of reinsurance law are covered beginning with an investigation of the definition, purpose, and types of reinsurance. Guidance is given on contractual principles and terms in the reinsurance context, obligations, rights and liabilities of the reinsurer, and the choice of law.

With usability and practicality in mind, a number of aspects have been further developed in this edition. There is an increased depth of analysis in addressing 'Follow the Settlements', incorporation, non-disclosure, misrepresentation, and the role of good faith in reinsurance contracts. The new edition also addresses the consequences of the Insurance Act 2015 and recent cases on reinsurance arbitration - particularly the appointment of arbitrators and their duties.

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.

New to this Edition:
- Provides even deeper analysis of 'Follow the Settlements', incorporation, non-disclosure, misrepresentation, and the role of good faith in reinsurance contracts
- Considers the impact of the Insurance Act 2015 on reinsurance arbitration - particularly the appointment of arbitrators and their duties
- Covers the huge number of significant cases since the last edition including Axa Versicherung v Arab Insurance and the Supreme Court's analysis in Teal Assurance v WR Berkley Insurance
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, Barrister, Devereux Chambers, London, and Andrew Burns, Barrister, Devereux Chambers, London

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.