Reinsurance Focus

The Spring 2007 issue of the Journal of Reinsurance is out. Published by the Intermediaries & Reinsurance Underwriters Association, articles in the current issue include:

• Neal Moglin and Dan Sails, Achieving Certainty in an International Marketplace, addressing increasing certainty in insurance and reinsurance contracting;
• Paul Horgan, ERM: No Longer a Nice-to-Have, addressing enterprise risk management issues;
• Georges Galey and Sebastiaan Reitsma, Nuclear Risks in Property insurance and Limitations of Insurability; and
• James Bisker, Creating Insurance Innovation Through a Services Organization.

Further information about the articles, and suscription information, may be found at the IRU's Internet site.

Three articles were recently published in law reviews and journals relating to reinsurance:

• Health care reform – In The Present and Future of Government-Funded Reinsurance, 51 St. Louis U. L. J. 369 (Winter 2007), John Jacobi, a professor at Seton Hall Law School, contends that government-funded reinsurance could play a valuable role in incremental health care reform.
• Reinsurance intermediaries – In Reinsurance Intermediaries: law and litigation, 29 U. Haw. L. Rev. 59 (Winter 2006), Douglas Richmond, a Senior Vice President with Aon Risk Services, analyzes the duties and potential liabilities of reinsurance intermediaries using fairly traditional agency concepts.
• Hedge funds – In The Utility of Hedge Funds: an alternative to traditional reinsurance, 49 For The Defense 32 (April 2007), practitioners James Somers and Katie Lewis Bordeau offer a general description of the participation of hedge funds in the reinsurance market. Although the title of the article describes hedge funds as an “alternative” to reinsurance, the text really describes hedge funds as a source of capital for vehicles such as side cars.

The Winter 2007 issue of the Journal of Reinsurance is out. Published by the Intermediaries & Reinsurance Underwriters Association, articles in the current issue include:

• Eugene Wollan, Reinsurance Arbitrations: it's all in the point of view;
• John Gavin, IRMA Will Transform the Relationship Between Reinsurers and Receivers, about the NAIC's Insurer Receivership Model Act;
• Frank Achert and Arthur White, Solvency II: preparing for the dawn of a new day, about solvency regulation changes in the European Union; and
• Bina Dagar, The Reinsurance Underwriting Audit: an essential process.

Further information about the articles, and suscription information, may be found at the IRU's Internet site.

The Fall 2006 issue of the Environmental Claims Journal contains an article by Carol Ann O'Dea and Vincent J. Vitkowsky titled Reinsurance Issues Arising from the 2005 Hurricane Season. Information about the Environmental Claims Journal may be found on the Internet.

The Fall issue of the Journal of Reinsurance is out. Published by the Intermediaries & Reinsurance Underwriters Association, articles in the current issue include:

• Randy Maniloff, How Do You Catch a Cloud and Pin It Down? Solving the Problem of Wind v. Water for Hurricane Katrina;
• Insurance Company Run-Off and Reorganization Special Task Force Report, prepared for the Connecticut Department of Insurance;
• Nigel Montgomery, Antony Newman and Kenneth Wylie, Disposing of Discontinued Operations: Part VII Transfers and Schemes of Arrangement in the UK; and
• Joseph Sano, Judicial Consolidation of Arbitrations: From Chaos to Predictibility.

Further information about the articles, and suscription information, may be found at the IRU's Internet site.

Vincent Vitkowsky, Reinsurance Issues Arising From the 2005 Hurricane Season, 41 Tort Trial & Ins. Prac. L. J. 999 (Spring 2006) – the author addresses issues likely to arise under reinsurance of hurricane losses, including coverage and claim adjustment issues, the follow-the-fortunes doctrine, “occurrence” definitions and aggregation of losses.

The Summer 2006 of the Journal of Reinsurance, which is published by the Intermediaries & Reinsurance Underwriters Association, contains four articles:

Roger Crombie, Bermuda: From Pushbikes to Sidecars

Christopher M. McGhee, The Catastrohpe Bond Market 2005: Riding Out the Storms

Sharon E. Sonnett, The Regulation of Reinsurance: An Analysis of Proposed Legislative Changes

Michael Haravon, Federalization of Insurance/Reinsurance: A Good Idea?

Roberta D. Anderson, Michael J. Rothman, Andrew A. Magwood, Kara H. Goodchild, Earl D. Zimmerman, Tort Trial & Ins. Prac. L. J., vol. 41, no. 2, at 393 (Winter 2006). This article is part of the annual survey of developments in tort and insurance law published each winter by the ABA's Tort Trial & Insurance Practice Section.

Daniel J. Neppl, Reinsurance Coverage for “Annualized” Loss Presentations Under Multi-Year Policies: “follow the fortunes” or Bellafonte?, Coverage, vol. 16, no. 3 at 1 (ABA Litigation Section Committee on Insurance Coverage Litigation May/June 2006).

Mallory Straka, Journal of Reinsurance, vol. 13, no. 2, at 51 (Spring 2006).