Ins and Outs of Cut-Throughs

Ins and Outs of Cut-Throughs
Gkonos and Garsson Speak at Contract Wording Discussion Group Meeting on Reinsurance Cut-Throughs
October 28, 2015
 

James S. Gkonos and Fred M. Garsson, both members of the firm’s Insurance Practice Group, spoke on the issue of reinsurance cut-throughs (where a reinsurer contractually agrees to pay ceding company’s insured directly if the ceding company is insolvent) at  a recent meeting for the Contract Wording Discussion Group (C.W.D.G.) in New York City. Their presentation, entitled “Ins and Outs of Cut-Throughs,” provided C.W.D.G. meeting attendees with a comprehensive overview of cut-throughs, including discussions on what a cut-through is, the benefits of a cut-through, as well as possible detriments to cut-throughs.