Julia Gibbon has recently produced a practice note in partnership with LexisNexis on Reinsurance brokers—placing back-to-back reinsurance.
The Practice Note provides:
- A high level introduction to the role of reinsurance brokers when placing reinsurance that is intended to be ‘back-to-back’ with the underlying policy.
- Guidance as to how the duties owed by reinsurance brokers differ from those of brokers only placing direct insurance .
- Information and guidance on the potential conflicts of interest involved in placing back-to-back reinsurance and on risks and common mistakes that may result in claims against brokers acting in a dual capacity.
- Practical guidance as to how brokers may prevent or mitigate negligence claims against them. It also provides links to related content.
