Providing comprehensive corporate, regulatory, arbitration, run-off and litigation services to the reinsurance industry.
We are recognized internationally as one of the reinsurance industry's leading legal advisers. Many of the world's most prominent reinsurance companies rely on our depth, skill and experience to provide the full range of services they require in this dynamic, challenging and competitive environment. Our lawyers are leaders in transactions, regulatory counseling and dispute resolution. We represent cedents, reinsurers, retrocessionaires, MGAs, intermediaries, brokers, and buyers and sellers of insurance and reinsurance businesses worldwide.
Locke Lord's reinsurance group utilizes combined decades of experience and in-depth knowledge of the reinsurance industry to help our clients anticipate and take advantage of industry trends and reposition, expand or downsize their businesses. Our experience extends throughout the United States as well as globally, including the United Kingdom and the London market, Europe, Bermuda, Canada and Australia. Our lawyers represent clients in some of the largest and most complex disputes and transactional engagements in the property-casualty and life and health industries.
Reinsurance Transactional Work
We have experience in designing sophisticated reinsurance arrangements, including:
We also implement various forms of collateral arrangements to provide security or comply with state laws and regulations governing financial statement credit for ceded reinsurance. Our practice includes major transactions involving assumption reinsurance, indemnity reinsurance and sale of renewal rights.
Representative Engagements – Reinsurance Transactions
Reinsurance Regulatory Work
We routinely represent clients from all parts of the country and internationally, practice before each of the state insurance departments, counsel clients on all aspects of their operations and litigate in state and federal courts. We are active in various state and federal legislative matters and routinely participate in the programs and activities of the National Association of Insurance Commissioners (NAIC). In fact, one of our financial and regulatory specialists formulated the NAIC guidelines for risk transfer in reinsurance transactions. Another was part of the executive team at the New York Department of Insurance that approved the formation of Lloyd's R&R.
Examples of our regulatory work:
Litigation and Dispute Resolution
We have extensive experience in handling high-level disputes in virtually all lines of property and casualty and life and health reinsurance. We represent clients in cases addressing issues such as:
We offer comprehensive resolution services and, where a favorable compromise cannot be achieved, we provide our clients with aggressive and effective arbitration, litigation and trial skills. Our decades-long experience working with individual arbitrators and umpires on various issues enable us to provide clients with valuable insights into the strategic options for selecting a particular panel and presenting their case to the panel.
In keeping with the national and international breadth and diversity of this practice, we routinely arbitrate and litigate reinsurance disputes in various forums, including arbitrations across the globe and disputes in U.S. state and federal courts, including New York, California, Florida, Illinois, Texas, Massachusetts, Washington, D.C., Alabama and Arizona.
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