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The following articles appear in the current issue of the Journal of Reinsurance. You can also search the Journal of Reinsurance archives by using the Keyword Search or the Index of Topics.
Article reprints are available upon request. The cost of reprints for Non-Member companies will be $50.00 per article. Should you wish to order a reprint using a credit card please utilize IRU's secure online ordering system. Upon processing of your paid order, you will receive an email with the article attached in Adobe Acrobat format. For additional information please call 908-203-0211 or send email request to
Reprints for Member companies are free upon login to the IRU Website. Title: Coping with the CDS Crisis: Lessons Learned from the LMX Spiral Authors: William C. O Neill, Nilam R. Sharma, Michael T. Carolan, Zainab Charchafchi Volume: 16 Number: 2 Issue: Spring 2009 Page: 1 Abstract: The turmoil within the market for credit default swaps a financial tool similar to credit insurance is intimately tied to the widespread asset devaluation and de leveraging process roaring through the transatlantic economy. It is also similar, on a much broader scale, to the Lloyds LMX Spiral of the 1980s. In both crises, the problems were driven by misaligned incentives, intra industry risk mitigation strategies that often pushed risks to new capital, underwriting models that caused some to view premiums as free money, and a reverberation of losses due to collateral obligations and counterparty defaults. This turmoil has prompted U.S. state, federal, and European policymakers to seek regulatory solutions, including the creation of a central counterparty system. In designing such regulations, however, policymakers should consider the lessons previously learned by the reinsurance industry in the aftermath of the Lloyds LMX Spiral for guidance. Order Reprint - Download (Requires Login)Title: Follow the Fortunes and Allocation An Update Authors: Cecilia Moss, Peter Chaffetz Volume: 16 Number: 2 Issue: Spring 2009 Page: 55 Abstract: In this article, the authors discuss the impact of recent cases from state and federal courts in New York on the evolution of the follow the fortunes doctrine. This principle has traditionally operated to protect cedents from having to re litigate with their reinsurers issues resolved in the adjustment of the underlying claims. Some courts have interpreted these clauses to foreclose reinsurer inquiry not only into issues resolved through the settlement with the policyholder, but also to issues that may not have been relevant to the underlying claim adjustment, such as allocation of that settlement to different years and layers of a cedents reinsurance program. This article examines the tension between the New York federal and state courts with respect to question of how expansively these clauses should be applied to allocation issues. Order Reprint - Download (Requires Login)Title: Nuclear Insurance Where Does it Fit in The Green Generation? Authors: Richard D. Jones Volume: 16 Number: 2 Issue: Spring 2009 Page: 71 Abstract: Nuclear power is an important source of electricity in the United States and around the world. Energy demand and global warming have given this technology a new relevance. American Nuclear Insurers has provided insurance products to this industry for more than 50 years. Order Reprint - Download (Requires Login)Title: Reinsurance Regulation in the U.S. An Opportunity to Move into the 21st Century Authors: Tracey Laws Volume: 16 Number: 2 Issue: Spring 2009 Page: 35 Abstract: Reinsurance regulation needs to be modernized to reflect the global nature of the business and lessons learned from the global crisis. Creating a regulatory structure that facilitates maximum secure capacity and spreads the United States enormous liability risks throughout the world is an achievable and necessary goal. Order Reprint - Download (Requires Login) |