Insolvencies of insurance companies are usually major cases, involving large numbers of professionals, and most now contain a cross-frontier element, yet very little has been written on the subject. This Special Report tackles the issues involved in apractical and thoughtful manner. Examining the legal regime as well as practice and procedure in each of the three major insurance jurisdictions - the US, England and Bermuda, along with several others - it identifies the critical issues and potential problems in each one. * Fills an important gap - the first high-level practitioner work on an increasingly important subject * Systematically examines the three major insurance jurisdictions * Clear and concise presentation, highlighting practical issues and likely problems
CONTENTS The US, England and Bermuda; other common law jurisdictions; civil law and other jurisdictions, covering: Overview of insurance insolvency law regime; Corporate rescue mechanisms; Recognition of foreign proceeding; Seeking assistance abroad; Problem areas and possible reforms.