This LMA wordings masterclass is about relations between co-insurers on subscription market risks. It will examine the operation of subscription agreements from both a practical and a legal perspective and, in particular:

• the various versions of subscription agreements in use in the market
• who is a leader, follower, or agreement party and what these terms really mean
• the issues to watch out for where there are multiple slips and (re)insurers ‘lead their own slips’
• Single Claims Agreement Party (SCAP) clauses
• the legal duties and rights of leaders and followers in the subscription market
• tips and suggestions on how best to avoid running into difficulties, both as a leader and a follower.

Speaker:
Andrew Schütte, Partner, Keoghs