Cedents based in the United States should be aware that they may be buying (or, indeed, have already bought years ago) English law to govern interpretation of their reinsurance contracts placed in the London market.
In a very recent case, a US federal court decided that English law would apply in a dispute between a US cedent and its London reinsurers.
Learn more about how this decision may affect interpretation of your reinsurance contracts in a Client Alert co- authored by Insurance/Reinsurance Industry Team members Patrick Frye and Sean T. Keely.
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