Legal Guidance and Research / Experts / Astrid Vere
Astrid Vere#13828

Astrid Vere

HFW
Astrid is an associate in HFW’s London office, specialising in complex insurance and reinsurance coverage and liability disputes. She has acted on a wide range of dispute for insurers, reinsurers, policyholders, and brokers across various lines of business including reinsurance, marine and energy, professional liability, property damage and business interruption.

Practice Area

Panel

  • Contributing Author

Qualified Year

  • 2022

Qualifications

  • LLM (2019)
  • GDL (2018)
  • BA (2014)

Education

  • BPP Law School (2019)
  • University of Law (2018)
  • University of Bath (2014)

1 Contributions by Astrid Vere

Reinsurance in the UK: market, facultative and treaty structures, proportional and non-proportional covers, key legal concepts and regulation
PRACTICE NOTES
Reinsurance in the UK: market, facultative and treaty structures, proportional and non-proportional covers, key legal concepts and regulation
This Practice Note offers a primer on the reinsurance market—what it is, how it operates, and the core ideas that underpin it. What is reinsurance? Reinsurance is cover for insurers. It is an insurance contract bought by an insurer—often via a specialist reinsurance broker—to protect that insurer’s liabilities. In practice, the reinsurance agreement can sometimes be set up before the underlying insurance contract to which it relates. Reinsurance can address a wide range of risks—life, property, third-party liabilities and cyber—in much the same way as insurance. Purpose of reinsurance The reinsurance sector is a vital global business and the backbone of the insurance market. It serves several key purposes, including: enabling insurers to spread the financial risk assumed when writing policies, reducing volatility and smoothing loss experience, and protecting against major catastrophes and events (such as hurricanes, wildfires and earthquakes) reducing the regulatory capital that insurers are required to hold allowing an insurer to move into new lines of business with which it is less familiar Reinsurance is also used in the context of fronting. This is an arrangement where the reinsured reinsurers...
Insurance & Reinsurance
Expert page AD
If you expected to see yourself on this page, click here.