Reinsurance

The attorneys at Morrison Mahoney have substantial expertise in all facets of reinsurance claims disputes in both domestic and international arbitrations and court proceedings. Our expertise involves handling complex reinsurance matters on both the ceding company and reinsurer side and we are very much attuned to the unique issues that face the party that is on each side of the relationship. Members of our group have also been appointed as party arbitrator and umpire in a number of proceedings. We have been lead counsel for a major reinsurer in a federal court action claiming fraud with respect to a reinsurance pooling arrangement and a $70 million reinsurance commutation and obtained summary adjudication on their behalf. We have also served as counsel in a complex reinsurance arbitration and related federal court litigation on behalf of a London reinsurer arising out of the Sphere Drake occupational accident spiral. Further, we have handled numerous reinsurance collection disputes in court and arbitration, as well as the negotiation of complex reinsurance contracts and business transactions.

Significantly, we view our reinsurance practice as an integral component of our overall insurance services. Based upon our decades of experience in handling the types of complex underlying claims from which reinsurance disputes frequently arise, we are uniquely positioned to provide guidance on the historical customs and practices of the industry that are always central to a reinsurance controversy. We have developed a strong network of relationships with arbitrators, neutrals, and experts in both the United States and foreign markets that is critical given the global nature of many of the disputes that reinsurers must confront. As with all of our practices, we strive to develop a cost-effective way of achieving a resolution that meets the client’s goals.

Our attorneys are very active in reinsurance industry groups, including ARIAS and the Reinsurance Association of America. Morrison Mahoney is also proud to be one of the founding members of the Massachusetts Reinsurance Bar Association (“MReBA”), which sponsors a number of events, including an annual educational symposium in Boston that is attended by professionals from leading insurance and reinsurance companies throughout the Northeast. Several members of our group have been Officers and Directors of MReBA since it was formed in 2009.

Our experience includes these noteworthy accomplishments:

• Acted as lead counsel for a major reinsurer in a federal court action claiming fraud with respect to a reinsurance pooling arrangement and a $70 million reinsurance commutation and obtained summary adjudication on their behalf.
• Served as counsel in a complex reinsurance arbitration and related federal court litigation on behalf of a London reinsurer arising out of the Sphere Drake occupational accident spiral.
• Handled numerous reinsurance collection disputes in court and arbitration
• Led negotiation of complex reinsurance contracts and business transactions.

For more information about how we can assist you, please contact any of our reinsurance attorneys.