2nd Circ. Reinsurance Ruling Misconstrues English Law

By Christopher Foster (June 8, 2023, 3:17 PM EDT) -- The U.S. Court of Appeals for the Second Circuit has considered whether, under English law, a proportional reinsurance contract was back to back with the underlying insurance that covered pollution losses on an all sums basis. In this article, I discuss the judgment and how the decision has gone awry....

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