Lost clause?
The case of AIG v Faraday demonstrates that not all claims co-operation clauses may achieve the purpose intended of them by reinsurers, so getting the wording right first time around is essential, warn Andrew Rose and Neil Owen
AIG v Faraday concerned the operation of a commonly occurring claims co-operation clause in the reinsurance market. Adherence to the terms of the clause was expressed to operate as a condition
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