LEADER 03407nam 2200445 450 001 9910476772303321 005 20221223174655.0 010 $a1-00-308048-0 010 $a1-003-08048-0 035 $a(CKB)4100000011746423 035 $a(NjHacI)994100000011746423 035 $a(oapen)https://directory.doabooks.org/handle/20.500.12854/39085 035 $a(EXLCZ)994100000011746423 100 $a20221223d2021 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aReinsurance and the law of aggregation $eevent, occurrence, cause /$fOliver D. William 210 $cTaylor & Francis$d2021 210 1$aAbingdon, Oxon ;$aNew York, New York :$cRoutledge,$d[2021] 210 4$dİ2021 215 $a1 online resource (108 pages) 225 1 $aContemporary Commercial Law 311 $a0-367-68868-9 311 $a0-367-50285-2 327 $aRelevance of aggregation in various (re-)insurance products -- Context in which the aggregation of losses takes place -- Context in which the aggregation of losses takes place -- Event-based aggregation in focus -- Cause-based aggregation in focus -- Aggregation and allocation -- Aggregation and the principle of back-to-back -- Aggregation and the principle of follow the settlements. 330 $a"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)." 606 $aLiability insurance$xLaw and legislation 610 $aAggregation;Commercial Law;English law of reinsurance;Engslih law of aggregation;Insurance Law 615 0$aLiability insurance$xLaw and legislation. 676 $a346.0865 700 $aWilliam$b Oliver D.$01272073 801 0$bNjHacI 801 1$bNjHacl 906 $aBOOK 912 $a9910476772303321 996 $aReinsurance and the law of aggregation$92996448 997 $aUNINA