Foley & Lardner LLP

Reinsurance Dispute Involving Reinsurance Broker's Failure to Transmit Loss and Reserve Information

Represented a reinsurer in a confidential dispute against its broker. Our client contended that the broker failed to transmit loss and reserve information to the reinsurer’s retrocessionaires during contract negotiations, as well as during the administration of the contracts, and as a result, the reinsurer was required to defend against a number of (ultimately unsuccessful) actions by retrocessionaires seeking to vitiate the contracts and/or deny coverage for certain claims.