{"product_id":"reinsurance-and-the-law-of-aggregation-event-occurrence-cause-paperback","title":"Reinsurance and the Law of Aggregation: Event, Occurrence, Cause - Paperback","description":"\u003cp\u003eby \u003cb\u003eOliver D. William\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eIn excess of loss reinsurance, the reinsurer covers the amount of \u003ci\u003ea loss \u003c\/i\u003eexceeding the policy's deductible but not piercing its cover limit. Accordingly, a policy's quantitative scope of cover is significantly affected by the parties' agreement of a deductible and a cover limit. Yet, the examination of whether \u003ci\u003ea loss \u003c\/i\u003ehas exceeded deductible or cover limit necessitates an educated understanding of what constitutes \u003ci\u003eone loss\u003c\/i\u003e. In so-called aggregation clauses, the parties to (re-)insurance contracts regularly provide that multiple individual losses are to be added together for presenting \u003ci\u003eone loss \u003c\/i\u003eto the reinsurer when they arise from the same event, occurrence, catastrophe, cause or accident. Aggregation mechanisms are one of the core instruments for structuring reinsurance contracts. \u003c\/p\u003e\u003cp\u003eThis book systematically examines each element of an aggregation mechanism, tracing the inconsistent usage of aggregation language in the markets and scrutinizing the tests developed by courts and arbitral tribunals. In doing so, it seeks to support insurers, reinsurers, brokers and lawyers in drafting aggregation clauses and in settling claims.\u003c\/p\u003e\u003cp\u003eFocusing on an analysis of primary sources, particularly judicial decisions, the book interprets each judicial decision to describe a system of inter-related rules, collating, organising and describing the English law of aggregation as applied by the courts and arbitral tribunals. It further draws a comparison between the English position and the corresponding rules in the Principles of Reinsurance Contract Law (PRICL).\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eOliver D. William\u003c\/strong\u003e is a senior lecturer and researcher at the University of Bern, an of-counsel at mbh ATTORNEYS AT LAW, Zurich, and a vice chair of the Dispute Resolution Working Party of the Association Internationale de Droit des Assurances (AIDA).\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 236\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.5 x 9.21 x 6.14 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e January 09, 2023\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":47444221296818,"sku":"9780367688684","price":93.94,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0770\/3891\/1666\/files\/249c69bd59f4cc088cbcee3de1a74c47.webp?v=1778700672","url":"https:\/\/box.dadyminds.org\/products\/reinsurance-and-the-law-of-aggregation-event-occurrence-cause-paperback","provider":"DADYMINDS BOX","version":"1.0","type":"link"}