Providing analysis and interpretation on the construction of the Bermuda Form, this second edition also addresses the dispute resolution process and covers the legal and practical issues which arise in the international arbitration of large and complex disputes under it. The work has been thoroughly revised to take into account the major changes in the governing New York law since the first edition, as well as significant English case law such as AstraZeneca v ACE &amp; XL. This case has had major implications for the interpretation of issues such as the recoverability of defence costs, assertion and proof of legal liability. The resulting trend towards brokers and insurers drafting endorsements intended to clarify intent, and the nature and efficacy of these endorsements, are also analysed in this edition. The implications for policyholders and insurers of the ACE Insurance Form 007 are also discussed at length. Providing valuable analysis of disputes involving the Bermuda Form, particularly concerning arbitrations, this work gives access to an otherwise closed arena and is an indispensible guide even for experienced practitioners in this field.

The Bermuda Form: Interpretation and Dispute Resolution of Excess Liability Insurance

Harris, Chris

Scorey, David

Geddes, Richard

Foreign & International Law

Oxford University Press

Providing analysis and interpretation on the construction of the Bermuda Form this book also addresses the dispute resolution process and covers the legal and practical issues which arise in the international arbitration of large and complex disputes under it. Since the Bermuda Form was developed in response to the collapse of the US excess liability insurance market it has become an industry standard on which such insurance is written. Bermuda Form arbitrations have since been conducted in London or Bermuda over a period of more than 20 years and represent hugely detailed, complex, lengthy and expensive pieces of litigation. This book is a valuable guide even for experienced practitioners in this difficult area of the law, adding significantly to the nascent body of information on the analysis, interpretation and construction of the Bermuda Form. The book includes the full text of the Arbitration Act 1996 and the Bermuda Arbitration Act.

Business & Money

Insurance

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