Julia Gibbon
Julia Gibbon practises across all areas of commercial law, with a particular emphasis on insurance and reinsurance, jurisdiction / conflict of laws, professional negligence, shipping, civil fraud, and commodities.
She has been recognised by The Legal 500 (2024 and 2025) as a “rising star” in the field of insurance and reinsurance. Julia accepts instructions as sole counsel and as a junior in all of 7KBW’s specialist areas.
Practice Area
Panel
- Contributing Author
1 Contributions by Julia Gibbon
PRACTICE NOTES
Back-to-back reinsurance placements: brokers’ duties, conflicts, structuring reinsurance programmes, liability risks and drafting to secure ‘as original’ cover, with guidance from Vesta, Wasa, Aneco and SuperHulls
Practice Note
This Practice Note offers a concise overview of the function of reinsurance brokers when arranging reinsurance intended to operate ‘back-to-back’ with the base policy market-wide. It explains how the obligations owed by reinsurance brokers diverge from those of brokers placing only direct insurance arrangements. It sets out guidance on potential conflicts of interest arising when arranging back-to-back reinsurance, and highlights risks and typical errors that could prompt claims against brokers operating in a dual role within such placements. This Practice Note further offers practical pointers on how brokers may avoid or reduce negligence claims, and includes links to associated materials for readers elsewhere. The expression ‘direct’ is used within insurance and reinsurance placement contexts to denote cover for the original policyholder, as distinct from reinsurances of that underlying risk in question specifically. The term ‘direct’ should not be mistaken for ‘primary’, which describes the first layer of a non-proportional insurance or reinsurance programme structure. For further detail on reinsurance types and terminology, see Practice Note: Reinsurance—essentials—Facultative reinsurance and treaty reinsurance for comprehensive background and context. For information about the role and duties of direct insurance brokers, see Practice Note: The functions and duties of insurance brokers—policy placement. For...
Insurance & Reinsurance
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