
In today's complex,
global insurance environment, disputes are an unavoidable part
of doing business. What distinguishes the insurance and reinsurance
industry in this regard is the importance - in fact the necessity
- of maintaining long-term relationships that endure beyond the
outcome of the disagreements. Arbitration provides the vehicle
to accomplish this in a professional manner by allowing the specific
issue in dispute to be considered by industry experts. These experts
have vast experience in transactions that include contract interpretations,
collection of reinsurance recoverables, coverage disputes between
cedants and re-insurers, MGA agreements, liquidation issues, etc.
The experts knowledgably weigh the evidence provided and offer
a resolution based upon that evidence.
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The real purpose of arbitration in the insurance and re-insurance
arena is to "seek the truth" and determine fair and equitable
resolution to disputes in a faster, more cost-effective manner
than litigation. The real benefit to arbitration in the insurance
industry is to bring about that resolution in a manner that sustains
long-term, enduring relationships.
Leatzow & Associates has the knowledge, integrity, and experience to assist in this process.
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