Reinsurance

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Kutak Rock Insurance Group attorneys represent cedents, reinsurers and intermediaries in conjunction with reinsurance rights and obligations, including contract formation and interpretation, domestic and foreign negotiations and arbitrations, claim reporting and audit representation.

Our lawyers have extensive experience in drafting and treaty formation of all types of reinsurance transactions. For example, we represented a cedent in a $200 million dispute arising from a reinsurer’s new interpretation of treaty language which had not been changed during the parties’ 30-year reinsurance relationship. We also acted as primary counsel in a contested arbitration among a cedent, an intermediary, a Lloyd’s broker and several Lloyd’s underwriters regarding treaty wording, intent and coverage, and have prosecuted several arbitration actions to collect sums that were due cedents from solvent and insolvent foreign and domestic reinsurers.

In addition, Kutak Rock represented a life insurer located in the Northeastern United States as special counsel in connection with the company’s ceding of its entire existing outstanding insurance obligations through a 100% coinsurance transaction with two other insurers.