Equitas V. R&Q And The Actuarial Modeling Approach
April 26, 2010, 12:41 PM EDT
Law360, New York (April 26, 2010, 12:41 PM EDT) -- The recent first instance decision of Mr Justice Gross in Equitas v. R&Q addressed notably the meaning and effect of a "follow the settlements" provision in an excess of loss reinsurance treaty but, more importantly, the extent and nature of documentation to be presented by Equitas, as reinsured, in making a reinsurance claim on such an excess of loss reinsurance treaty containing such a "follow the settlements" provision.
Mr Justice Gross noted that the proceedings had been brought to move the LMX spiral on. In light...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.