Tag Archives: damages

Important New Law in the UK Relating to Payment of Insurance Claims

At the moment, English law says that insurers and reinsurers are not under a positive duty to pay valid claims within a reasonable time.  If an insurer/reinsurer delays in paying a claim, or fails to pay at all, an insured/reinsured can only claim the sums due under the policy and interest.  An insured/reinsured cannot claim … Continue Reading

Buying a Reinsurance Company Can Lead to Litigation

The capital markets seem to be in love with reinsurance. Capital from venture capitalists, private equity funds and hedge funds has been flowing into the reinsurance industry during the past several years. Many of these capital markets investors have focused on the property catastrophe reinsurance market. Others have focused on alternative reinsurance vehicles and sophisticated financial … Continue Reading