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dc.contributor.authorWilliam, Oliver D.
dc.date.accessioned2021-01-14T10:26:09Z
dc.date.available2021-01-14T10:26:09Z
dc.date.issued2021
dc.identifier.isbn9780367688684en_US
dc.identifier.isbn781003080480en_US
dc.identifier.isbn9780367502850en_US
dc.identifier.urihttps://library.oapen.org/handle/20.500.12657/46164
dc.description.abstract"In excess of loss reinsurance, the reinsurer covers the amount of a loss exceeding 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 a loss has exceeded deductible or cover limit necessitates an educated understanding of what constitutes one loss. In so-called aggregation clauses, the parties to (re-)insurance contracts regularly provide that multiple individual losses are to be added together for presenting one loss to 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. This 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. Focusing 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)."en_US
dc.languageEnglishen_US
dc.relation.ispartofseriesContemporary Commercial Lawen_US
dc.subject.classificationthema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNC Company, commercial and competition law: general::LNCB Commercial lawen_US
dc.subject.classificationthema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNP Financial law: general::LNPN Insurance lawen_US
dc.subject.classificationthema EDItEUR::L Law::LB International law::LBB Public international law::LBBM Public international law: economic and tradeen_US
dc.subject.otherAggregation;Commercial Law;English law of reinsurance;Engslih law of aggregation;Insurance Lawen_US
dc.titleReinsurance and the Law of Aggregationen_US
dc.title.alternativeEvent, Occurrence, Causeen_US
dc.typebook
oapen.identifier.doi10.4324/9781003080480
oapen.relation.isPublishedBy7b3c7b10-5b1e-40b3-860e-c6dd5197f0bben_US
oapen.relation.isFundedBy07f61e34-5b96-49f0-9860-c87dd8228f26
oapen.collectionSwiss National Science Foundation (SNF)
oapen.imprintRoutledgeen_US
oapen.pages236en_US
peerreview.anonymitySingle-anonymised
peerreview.idbc80075c-96cc-4740-a9f3-a234bc2598f1
peerreview.open.reviewNo
peerreview.publish.responsibilityPublisher
peerreview.review.stagePre-publication
peerreview.review.typeProposal
peerreview.reviewer.typeInternal editor
peerreview.reviewer.typeExternal peer reviewer
peerreview.titleProposal review
oapen.review.commentsTaylor & Francis open access titles are reviewed as a minimum at proposal stage by at least two external peer reviewers and an internal editor (additional reviews may be sought and additional content reviewed as required).


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