Following events such as the 2008 credit crunch and financial crisis, many sectors of the economy suffered; nevertheless, reinsurance managed to maintain its strong position in the market industry and the global economic arena. Arbitration has traditionally been used in reinsurance, due in no small part to its effective, time- and cost-efficient nature. Hence, reinsurance contracts often include arbitration clauses requiring that any and all disputes arising under the contract be resolved by arbitration. The current work provides an in-depth treatment of reinsurance arbitrations and the various issues they entail in the most representative jurisdictions for such arbitrations. It also aims to pave the way for future directions of arbitration in the context of reinsurance. Any participant in the reinsurance market arena looking for a roadmap to the fascinating legal environment in which reinsurance arbitrations operate would be well advised to have this book on hand.In Sun Life Assurance Company of Canada aamp; Ors v The Lincoln National Life Insurance Co190 three insurance companies (aSun Lifea/ aPhoenixa) had entered into separate reinsurance contracts with two reinsurance companies, Cigna and anbsp;...
|Publisher||:||Springer Science & Business Media - 2014-02-04|