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In recent years, ceding companies and reinsurers across major jurisdictions around the world have faced increasing scrutiny from insurance regulators regarding the use of cross-border asset-intensive reinsurance...

Recent Illinois decisions have granted policyholders a unique right to select among primary carriers that owe them a defense. Under what has become known as the "targeted" or "selective" tender rule, an insured entitled to a defense from two or more primary insurers can designate a particular carrier to defend a suit.