Confidential

BatesCarey LLP represented a reinsurer that commutated numerous claims with one of its cedents. Its valuation was based on its assessment of its cedent's reserves. After agreement on a total commutation value, BatesCarey LLP's client allocated its total payment to individual claims based on its reserves for each claim, and in turn billed its reinsurers on that basis. BatesCarey LLP pursued arbitration on behalf of its client and recovered the full amount of its client's billing plus interest.