Reinsurance
In recent years, there has been a marked increase in reinsurance disputes, many of them complex and high value. Litigated and arbitrated disputes have multiplied, and many attorneys and large firms have recently entered the field. In contrast, Mound Cotton Wollan & Greengrass has been active in the reinsurance legal community for decades. While we provide the type of service and attention our clients have come to expect from a smaller boutique litigation firm, our broad experience over the course of decades in reinsurance dispute resolution gives us a considerable advantage over such reinsurance groups in much larger law firms. Because the rights of the parties in a reinsurance relationship are determined as much by industry customs and practices as by legal precedent, it is essential for a reinsurance attorney to be well-versed in those customs and practices as well as in the evolving law. Our many years of in-depth experience set us apart in this field. In addition, we are intimately familiar with the preeminent reinsurance arbitrators, experts, and consultants, and they with us. We are also active in all of the major reinsurance trade associations. Moreover, we can easily staff the largest matters because the number of Mound Cotton attorneys with reinsurance experience is comparable to that at any of the larger firms practicing in this area.
Our attorneys have:
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Represented parties to awards and verdicts in hundreds of reinsurance arbitrations, trials, and appeals over the last twenty-five years involving numerous classes and sub-classes of business including property, casualty, accident, life, health, and finite risk products.
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Handled the most complex multi-party and multi-national disputes in arbitrations and litigations.
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Counseled insurance and reinsurance clients on a wide variety of issues pertaining to treaty and facultative reinsurance.
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Drafted reinsurance contract wordings for insurers, reinsurers, and intermediaries.
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Regularly dealt with regulators, liquidators, and companies outside the market with interests in the reinsurance business.
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Frequently lectured and published articles and papers on reinsurance topics.
We have represented reinsureds, reinsurers, intermediaries, pool managers, managing general agencies, underwriters, liquidators, and others with interests in the reinsurance market. Our clients are located in the U.S., Great Britain, Europe, Bermuda, Japan, Australia, and other foreign jurisdictions.
Our depth of experience in related fields has proven invaluable in handling reinsurance disputes and counseling clients. We are fully conversant with insurance law and the insurance markets, which is essential to a complete understanding of reinsurance relationships and disputes. Our attorneys have broad experience in insurer and reinsurer insolvencies, and with specialized classes of business such as environmental, business interruption, war risk, and financial guaranty. Our transactional attorneys are well grounded in statutory and regulatory law and procedure, and thoroughly familiar with the regulatory bodies which oversee the activities of insurers, reinsurers, agents, and intermediaries. Their expertise is available to and regularly utilized by our reinsurance group in a wide variety of contentious matters and counseling assignments.
