Reinsurance Law

There are no formal requirements, but applicants typically have:  

• Relevant professional experience in the insurance industry, or in legal or financial services specialising in the field of insurance
• A bachelor's degree or equivalent relevant experience. 
• Proficiency in English, with the ability to communicate effectively in professional and academic contexts.

• Standard rate: £2,950 | Early bird rate: £2655
• UCL Laws alumni rate: £2,500 | Early bird rate: £2250
• Student/ Public sector/ charity/ not-for-profit organisations: £1,950 | Early bird rate: £1755  

Early bird rates are available until 31 December 2025

This course is designed for professionals with some pre-existing experience in the insurance or financial services sectors. It is ideal for those involved in legal, risk management, underwriting, and claims roles, as well as for individuals looking to deepen their knowledge of reinsurance law and practice. 

• Acquire specialised knowledge of reinsurance law and regulation in a practice-oriented programme, enabling deeper engagement with complex risk transfer mechanisms.
• Enhance your understanding of reinsurance structures, terminology and market practices.
• Develop your ability to navigate and resolve legal issues related to placement, reinsurance policy administration, policy wordings, claims and losses.
• Build your professional network and career potential within the reinsurance industry.
• Be taught by leading experts from academia and practice.

• The compact yet intensive 2-day course equips delegates with a robust understanding of reinsurance law and market practices, enabling them to contribute immediately upon their return to the workplace.
• Participants will develop familiarity with essential reinsurance terminology, various reinsurance structures (both traditional and non-traditional), and common contractual clauses and claims management—skills crucial for professionals in re/insurance or in financial services and law firms supporting the insurance industry.
• By sending two or more delegates, your organisation will foster teamwork, enhance internal collaboration, and amplify the impact of the programme as learned knowledge and skills are shared across teams.
• Improve your organisation’s ability to effectively navigate the complexities of reinsurance contracts, thereby mitigating legal risks and enhancing operational efficiency.

Key topics to be covered will include:

• Nature and purpose of reinsurance
• Types of reinsurance and typical structures
• Sources of reinsurance law
• Introduction to reinsurance regulation
• Reinsurance placement process in the subscription market
• Role of broker
• Pre-contractual risk presentation
• Reinsurance contract terms and implied terms
• Incorporation of terms and back-to-back cover
• Reinsurance wordings
• Follow the settlements / follow the fortunes
• Claims process and co-operation
• Allocation of losses
• Aggregation of losses
• Reinsurance claims
• Insurance linked securities: risk transfer into the capital markets

Delegates will receive seven hours of lectures/ seminars each day from 9-6pm There will therefore be a total of 14 hours of classroom teaching over the two days. There will be no assessment but delegates will receive a certificate of completion provided that they attend at least 12 hours (75%) of classes.  

Dr Franziska Arnold-Dwyer, Associate Professor of Law, UCL Laws and Solicitor (England & Wales)
Editor of leading textbook ‘The Law of Reinsurance in England and Bermuda’ (2024), contributor to 'The Principles of Reinsurance Contract Law' (2025), and an expert in reinsurance law with extensive experience in both academic and industry settings, Franziska brings a wealth of knowledge to the programme. Her deep understanding of the legal frameworks around the London and international reinsurance markets and her expertise in risk transfer mechanisms will provide participants with invaluable insights into both traditional and innovative reinsurance solutions.

Franziska will be supported by industry guest lecturers for this course.

Upon successful completion of this course, participants will have acquired:

• A comprehensive understanding of the theories, concepts, values, principles, and sources of reinsurance law.
• Knowledge of reinsurance and insurance-linked securities structures, along with the terminology used in the industry.
• Understanding of the London market practices relating to placing of reinsurance contracts.
• Insight into the relationship between underlying insurance contracts and reinsurance agreements and its implications on contract terms, interpretation and claims.
• Expertise in handling legal challenges related to losses and claims in reinsurance.
• Understanding of operation and drafting of key reinsurance contract clauses.
• Insights into the reinsurance regulatory landscape.