REINSURANCE

LITCHFIELD CAVO represents cedants, reinsurers and retrocessionaires in various manners of reinsurance issues and conflicts. LITCHFIELD CAVO also represents domestic and foreign domiciled insurers. The Firm handles cases in court, in arbitration and in ADR proceedings such as mediation. The Firm also routinely represents clients in reinsurance negotiations, including those involving commutation. LITCHFIELD CAVO is uniquely qualified to represent clients in matters concerning long-tail, delayed manifestation issues involving multiple policies and multiple years of coverage. Our qualifications regarding these issues arise from our expertise in litigating environmental/latent health, construction defect and coverage matters with the associated trigger and allocation issues which develop therefrom. Additionally, the Firm includes senior attorneys who have either consulted or testified as expert witnesses in reinsurance matters.

Examples of some recent representations include the following:

  • Successful arbitration for a treaty reinsurer. Issues in the case included determining the number of loss occurrences, allocating loss over multiple treaties, the follow the fortunes doctrine and extra-contractual liability;
  • Representation of a reinsurer in commutation negotiations. Our client’s initial offer was eventually accepted;
  • Representation of a cedant in court. Issues in the case included the follow the fortunes doctrine; trigger of coverage and allocation;
  • Acting as a consultant and expert witness in reinsurance litigation involving the application of a computer model to allocate a settlement to reinsured policies issued over time in different coverage layers.


 
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Chicago, IL 60606-3300
312-781-6677
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Avon, CT 06001-4222
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Lynnfield, MA 01940-2682
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New York, NY 10170-2199
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Cherry Hill, NJ 08002-4605
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An Illinois Limited Liability Partnership