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Mountain Valley Property, Inc (MVP) entered into a three-year reinsurance participation agreement with Applied Underwriters Captive Risk Assurance Co. Inc. (AUCRA), which contained a mandatory arbitration clause...

The International Association of Insurance Supervisors ("IAIS") recently released proposed revisions to the existing version of its Insurance Core Principle 13 regarding "Reinsurance...

Insurers have been using loss portfolio transfers ("LPTs") for decades for a host of reasons.

Insurers with legacy blocks of business, or with other motivations to enter into block transfers of business or corporate split-offs, should consider a recent regulator call on so-called Insurance

The New York Court of Appeals recently answered in the negative a question certified to it by the U.S. Court of Appeals for the Second Circuit regarding prior precedent and whether per occurrence liability limits ...

On June 9, the New York Court of Appeals issued a decision on the attorney-client privilege and "common interest doctrine," which is an exception to the general rule that parties waive the attorney-client privilege by sharing protected communications with third parties.

On July 17, 2014, Liberty Mutual Insurance Company announced that it had entered into a multi-billion-dollar "retroactive reinsurance" arrangement with National Indemnity Company ("NICO"), a subsidiary of Berkshire Hathaway, Inc., with respect to asbestos, environmental, and other "long tail" exposures under all insurance and reinsurance in effect prior to January 1, 2005.

Most reinsurance contracts have binding arbitration provisions. The Federal Arbitration Act (FAA) sets out a national policy in favor of arbitration.

A disappointed ceding carrier is seeking reconsideration of a recent Third Circuit Court of Appeals case in which the court applied New York law to deny reinsurance coverage because of late notice.

Partner Amy Kallal and Special Counsel Andrea Fort discuss recent cases involving the efforts to obtain access to arbitration awards which are filed as part of petitions to confirm or vacate.

On April 7, 2015, the Fifth Circuit affirmed the Southern District of Texas' decision to vacate an arbitration award rendered in a dispute involving two separate contracts...

On March 27, the New York Court of Appeals (New York’s highest state court), held that the state’s antitrust law does not have extraterritorial reach in Global Reinsurance Corp. v. Equitas Ltd.

A New York court compelled the arbitration of a claim under a reinsurance agreement, rejecting the plaintiff reinsurer's claim that the reinsurance policy is void because the reinsured issued an underlying insurance policy which did not comply with the requirements stated in the reinsurance contract. In doing so, the court held that the plaintiff raised an issue of the interpretation of the reinsurance contract, rather than the formation of the contract.

In reinsurance arbitrations, once the arbitration panel issues its final award its job is over.

In part 3 of our blog series on reinsurance issues arising from COVID-19, we consider the implications of "reopening" the economy on reinsurance exposure.

The use of experts in coverage litigation shares a lot of commonalities with that in other types of litigation, but also has its own unique issues of which practitioners need to be mindful.

In The Legal 500's 2024 Country Comparative Guides, Mayer Brown lawyers Vikram Sidhu, Larry Hamilton, Jared Wilner, and Yuliya Feldman authored a section...

The US National Association of Insurance Commissioners ("NAIC") held its National Summer Meeting from August 12 -15, 2024 in Chicago. In a series of articles, members of our Insurance Industry Group provide meeting...