The Comparative Law and Economics of Reinsurance

The increasing number of lawsuits in connection with reinsurance contracts is drawing attention to the law of reinsurance and to the responsibilities of brokers and underwriters. This publication systematically depicts the legal and economic foundations of reinsurance. The comparative approach used here provides, with regard to English and German law, the reader with a comprehensive and practical guideline to the latest reinsurance issues. At the same time it makes apparent the differences between the common law system and the continental law system. Questions pertaining to the law of insurance contracts and supervisory regulations as well as problems concerning the conflict of laws and European reinsurance law are carefully considered. The discussion of recent significant judgements and the analysis of dispute resolution within the reinsurance relationship enhance the benefits of this work. It is intended for all people dealing with reinsurance matters; especially primary insurers, reinsurers, brokers and their consultants. The author is a lawyer and general counsel for a major reinsurance group. He has published numerous studies on the subject of insurance law.