Insurance & Reinsurance
With increased regulation and the impact of the global economic crisis, the Insurance and Reinsurance sector has undoubtedly been affected by larger and more varied claims and disputes over the last few years. Whether the subject matter relates to aviation, finance, construction, professional indemnity, energy, product liability, property or regulatory issues, disputes are often complex involving and affecting large groups of underwriters, brokers, claims managers, reinsurers and policy holders. Disputes involving contested coverage, reinsurance recoveries, commutation and insolvency/run-off are increasing in their frequency, complexity and scale, and whilst dispute resolution approaches such as arbitration and mediation are already used widely by clients, many are now looking to raise their game with specialist schemes and arrangements containing clear provisions for contested claim management in a professional, swift and confidential manner.
CEDR's specialists in this sector bring with them expertise as lawyers, ex judges, insurance and financial sector professionals, and are available for appointments as mediators, experts and arbitrators to suit the particular needs of a client. Familiar with insurance products, international insurance rules and regulations and able to speak the market's language, they are uniquely placed to assist our industry clients.
Our highly experienced mediators and neutrals can also assist with consultancy assignments to develop organisational capability and capacity for resolving conflict including dispute systems design, introducing mediation, developing formal policies and procedures, establishing informal communication protocols and coaching managers and teams through change.