Reinsurance Arbitrations
Key Facts
- Represented leading US and UK companies in various confidential reinsurance arbitration proceedings
- Matters have been valued between $500K to in excess of $100M
The Situation
Mintz has represented domestic and international insurers, reinsurers, and retrocessionaires in reinsurance arbitrations across various classes of business on traditional reinsurance dispute issues such as notice, allocation, aggregation of losses, and coverage of defense expenses. We also handle more “one of a kind” issues such as rescission and the availability of “cut-through” rights.
The Approach
No two arbitrations are identical, but in all of our matters, we strive to understand the case quickly, supply a budget that provides our clients with value based on the size of the matter, and use our expertise to form an arbitration panel that will fairly consider our case. We offer our formidable trial experience to put our clients in the best position to triumph at the hearing if the matter does not resolve otherwise.
The Outcome
Reinsurance arbitration disputes are typically confidential, but over the years, we have delivered outstanding results for our clients, including large recoveries for our cedents (in one case, confirming a judgment in excess of $100M), “no-pay” rulings for our reinsurers, awards of interest, and attorney’s fees in certain matters.
Supporting Professionals
Marc Abrams and Nicholas Cramb, Members in the firm's Litigation Practice, continuously guide clients to success in a variety of reinsurance arbitrations.
