Risk Financing and Captives Articles

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Reinsurance

Understanding Reinsurance Terminology—Follow-the-Fortunes

2001-10-01 | Larry Schiffer

Larry Schiffer explains this bedrock doctrine that exemplifies the unique business partnership between the reinsured and reinsurer.

Reinsurance

The Trouble with Giving Away the Pen

2001-06-01 | Larry Schiffer

Managing general agents have always been used to provide special expertise to insurance/reinsurance companies. However, they are often viewed negatively. Larry Schiffer discusses some of the problems that arise in a managing agency relationship and suggests viable solutions.

Reinsurance

Cut-Through Provisions in Reinsurance Agreements

2001-03-01 | Larry Schiffer

Larry Schiffer explains how cut-through endorsements are attached, triggered, and employed, and how they may be unenforceable in some jurisdictions.

Risk Financing Info

Commodity Price Insurance and FAS 133

2001-03-01 | Brent Clark

Brent Clark discusses how the new Financial Accounting Standard (FAS 133) affects the accounting treatment between derivatives and insurance when the risk is a CPR and how new alternative risk financing products may develop as a result.

Reinsurance

The Reinsurance Relationship—How Special Is It?

2000-12-01 | Larry Schiffer

While some have written off the duty in these modern times, most insurance and reinsurance professionals still adhere to the precepts of the legal duty of utmost good faith. This article examines this duty that is so fundamental to the reinsurance relationship and how it has changed.

Reinsurance

Adventures in Contract Wording: The Effect of Ambiguous Reinsurance Contract Language

2000-09-01 | Larry Schiffer

This article examines some of the problems that can occur because of imprecise reinsurance contract language and what can be done to avoid this scenario.

Reinsurance

Are Punitive Damage Awards Recoverable under Reinsurance Agreements?

2000-06-01 | Larry Schiffer

The reinsurability of punitive damages depends on the reinsurance contract and the public policy of the relevant jurisdiction, with extracontractual obligations clauses (ECOs) offering some coverage despite state restrictions. Larry Schiffer explains.

Reinsurance

Reinsurance Matters

2000-03-01 | Larry Schiffer

The quality of the reinsurance security purchased by the direct insurer is what helps to ensure that losses will be paid. Larry Schiffer looks at the reinsurance function, relationship, claims services, and fronting arrangements.