Marital bliss or trouble and strife Getting your wordings right to avoid a costly divorce
When a client entrusts its Global Programme to an insurer, the intention is (usually) to ensure that the relationship is a long and fruitful one; primarily by easing the administrative burden on the client to place a multitude of risks individually and across various jurisdictions whilst providing the insurer with a fair premium for the risks that it takes on. But like any successful marriage, anticipating and dealing with likely issues from the outset usually avoids trouble later down the line.
This article that was first published by Captive Reviewmagazine in December 2014, reviews some of the issues that parties ought to bear in mind at the start, or where necessary during the course of, their relationship.
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