Introduction to Reinsurance.pdf - Prince Lobel

Agreements to Arbitrate and
Confidential Proceedings
The reinsurance industry has used arbitration as
a dispute resolution mechanism for many years.
The premise behind arbitration in lieu of litigation
is that panels of industry experts will have a far
better grasp of arcane reinsurance disputes than
state or federal judges and juries; and that
arbitration will be fairer, less formal and more
efficient than litigation.