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This is the first book to focus on the legal question of the incorporation of arbitration clauses, even though this issue constitutes a common problem that arises frequently in practice. Arbitration Clauses and Third Parties compares different branches of law, namely shipping, reinsurance, and construction, where the legal notion of incorporation is often implemented. It evaluates how the differences and peculiarities of the said branches of law impact the outcome of the incorporation of arbitration clauses and therefore why a ‘one size fits all’ approach should be avoided. The book provides both an in-depth legal analysis of the incorporation of arbitration clauses as well as the legal ...
Bermuda Company Laws and Regulations Handbook - Strategic Information and Basic Laws
This thoroughly revised second edition of the Research Handbook on International Insurance Law and Regulation provides an updated assessment of the insurance industry in an international context, featuring 30 chapters, of which half are new for this edition, written by expert academics and practising lawyers.
The insurance industry has found itself at the front line of climate change challenges, providing insurance cover in relation to risks associated with climate change. As risk carriers, insurers pay claims for climate change related losses – such as property damage caused by windstorms, flooding, and wildfires – which have been increasing in frequency and severity. As major institutional investors, insurance companies invest in assets that may be increasingly vulnerable to climate risks. Insurance regulators across the globe have therefore started to require insurance companies to identify, manage, and report on climate change risks that could pose a threat to their financial stability. H...
This is a comprehensive guide to both the law and practice in the increasingly complex and difficult area of the law of reinsurance. It covers the general principles of the reinsurance contract, examines particular reinsurance agreements in detail and covers all relevant areas of agency law.
2011 Updated Reprint. Updated Annually. Bermuda Investment and Trade Laws and Regulations Handbook
In excess of loss reinsurance, the reinsurer covers the amount of a loss exceeding the policy’s deductible but not piercing its cover limit. Accordingly, a policy’s quantitative scope of cover is significantly affected by the parties’ agreement of a deductible and a cover limit. Yet, the examination of whether a loss has exceeded deductible or cover limit necessitates an educated understanding of what constitutes one loss. In so-called aggregation clauses, the parties to (re-)insurance contracts regularly provide that multiple individual losses are to be added together for presenting one loss to the reinsurer when they arise from the same event, occurrence, catastrophe, cause or accide...
Seit ihren Anfangen konfrontiert die Ruckversicherung die Rechtspraxis mit Intransparenz und gravierender Rechtsunsicherheit. Der Rechtsanwender wird bis dato pauschal auf die englische Rechtsprechung, vermeintlich bestehende Handelsbrauche und vielsagende allgemeine vertragsrechtliche Grundsatze verwiesen. Auf Basis dieses Status quo widmet sich die Untersuchung der rechtlichen Durchdringung der Ruckversicherung am prominenten Beispiel der Folgepflicht des Ruckversicherers ( follow-the-settlements). Kevin Bork bietet auf Basis der Ruckversicherungspraxis, der Notwendigkeiten der Erstversicherung und erganzender Ruckversicherungsklauseln eine Detailanalyse der sog. tension of reinsurance. Das so gezeichnete Bild der Folgepflicht als Wesensmerkmal der Ruckversicherung lost den Interessenwiderstreit zwischen Regulierungsermessen und Missbrauchsgefahr mit einem weiten Verstandnis auf, welches nicht langer an Fahrlassigkeitsgrade ungeklarten Ursprungs knupft.
This is a new type of book. It provides an index of the most useful and important academic and other writings on contract law, whether published in articles or journal chapters, or as books. These writings, with their full citation, are gathered under familiar contract law subject-headings, and the most significant half of them are digested in a summary of a few lines each. The book aims to cover all writings published in the English language about the Common Law of contracts, and includes sections on contract theory and the history of contract law, as well as sections for the more traditional substantive topics (such as the interpretation of contracts, penalty clauses, remoteness of damage and anticipatory breach). This work should prove an invaluable resource for practitioners, academics and students, increasing awareness of important writings, and saving readers time by familiarising them with the work that has already been done in their particular fields.