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Can you recover IBNR liabilities from reinsurers?

A recent case that opened up the vexed issue of sums claimed for incurred but not reported (IBNR) reinsurance recoveries came extremely close to making a formal pronouncement. Antony Woodhouse explains the important nuances

In the recent decision of English & American Insurance Company (in a scheme of arrangement) v Axa Re, Mrs Justice Gloster dealt with an application for a summary judgment by a reinsured against its

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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