• Wellington and Reinsurance: A Continuing Problem?
  • October 21, 2003 | Author: Marc I. Bressman
  • Law Firm: Budd Larner, A Professional Corporation - Short Hills Office
  • It has been 18 years since a significant number of asbestos manufacturers and suppliers (i.e., "producers"), and their insurers, executed the Agreement Concerning Asbestos-Related Claims, commonly known as the "Wellington Agreement". Despite the radical nature of the Agreement, its effects upon reinsurance recovery, at least as revealed in reported case law, have been rather sparse.