Updated and expanded with a new chapter on finite reinsurance, Reinsurance Law provides you with a thorough knowledge of industry basics - from the nature and purpose of reinsurance, to the principal forms and structures of reinsurance, to reinsurance markets, costs, and commissions. The Utmost Good Faith and Follow-the-Fortune doctrines -- including the rights, duties, and liabilities of cedents and reinsurers under these doctrines, how the courts continue to reshape the doctrines, and on what points the courts disagree -- Sound drafting practices - with practical advice on what provisions to include in agreements that reduce the risk of disputes, including bitter battles over alleged late notice by cedents . Role of intermediaries - including their duties to cedents and reinsurers and how to formalise their complicated obligations in contracts to avoid legal conflicts and. The value of arbitration - with insight into arbitration's mechanics, arbitration's flexibility and fairness, and contract provisions that can automatically trigger this remedial process.