This book provides a comparative english us law study of the operation of facultative reinsurance contracts. Most of the reinsurance litigation in england and the us has involved this type of contract and there are regular arbitrations and judicial proceedings in the leading common law jurisdictions to which this book will be relevant. The book is concerned with:
The legal nature of reinsurance agreements
The means whereby terms of reinsurance policies can be derived or incorporated from underlying insurances
The effect on reinsurance of judgments awards and settlements against the reinsured
The operation of claims provisions
