COVID-19: My Cedant/Reinsurer is Financially Distressed — What Happens Next?
Guidance on dealing with financially troubled business partners.
In this webinar on insurance industry challenges and opportunities we addressed:
- A snapshot of the increasing financial stressors facing insurers as a result of COVID-19;
- What happens when cedants and reinsurers are faced with navigating the US and UK insolvency regulations; and
- Practical strategies to protect counterparties’ rights.
This document provides a general summary and is for information/educational purposes only. It is not intended to be comprehensive, nor does it constitute legal advice. Specific legal advice should always be sought before taking or refraining from taking any action.