Friday, 16 November 2018, 8:30 AM - 10:15 AM [GMT]
Grange City Hotel, 18-22 Coopers Row, London, EC3N 8BQ, United Kingdom
Registration closes on 16/11/2018
SUMMARY There have been disputes in the reinsurance market for over 20 years as to how to allocate EL mesothelioma losses to excess of loss reinsurances. One such dispute, Equitas v MMI, has finally reached an arbitral award, later aired in public via an application for leave to appeal to the Court of Appeal handed down in May 2018. The substantive appeal hearing is listed for March 2019. This briefing will provide: • An understanding of the position at employer and insurer level • Explain the concepts of spiking, recoupment and contribution • Revel the relevance of the duty of good faith • Set out the operation of ACOD/B
SUMMARY
There have been disputes in the reinsurance market for over 20 years as to how to allocate EL mesothelioma losses to excess of loss reinsurances. One such dispute, Equitas v MMI, has finally reached an arbitral award, later aired in public via an application for leave to appeal to the Court of Appeal handed down in May 2018. The substantive appeal hearing is listed for March 2019.
This briefing will provide:
• An understanding of the position at employer and insurer level
• Explain the concepts of spiking, recoupment and contribution
• Revel the relevance of the duty of good faith
• Set out the operation of ACOD/B
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