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...