Routledge Reinsurance and the Law of Aggregation Book

Master the complexities of excess of loss reinsurance with this professional legal text from Routledge. This book examines how reinsurers manage risks by covering losses that exceed a policy deductible without surpassing the cover limit. Understanding the quantitative scope of cover is essential for legal and insurance professionals. A significant portion of the text focuses on the legal definitions of what constitutes a single loss. It provides a detailed look at aggregation clauses, where parties to (re-)insurance contracts agree to combine multiple individual losses to be presented as one loss. This resource is designed for those working in international economics and commercial law who need to navigate the technicalities of deductibles, cover limits, and the legalities of loss aggregation.