Testimonials

WHAT PEOPLE SAY ABOUT MEDIATION AND REMEDI

“Faced with a complex reinsurance dispute concerning tens of millions of dollars, we realized that a mediator with significant reinsurance experience and an excellent reputation in the industry was a must. Our mediator from ReMedi had impeccable credentials and took the time to master the detailed facts underlying the dispute. Because both parties respected the mediator’s opinions, our dispute settled when it appeared likely that it would be resolved only through a hearing.”

—Christopher L. Byers
Partner
Latham & Watkins LLP

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“Few disputes are so one-sided that they can’t be fairly compromised. Mediation is almost always instructive whether it succeeds or not, and successful mediations are immensely constructive. The critical ingredient is the right mediator.”

—Robert Cusumano
General Counsel
ACE Limited

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“I recently participated in two reinsurance mediations which both resulted in resolution of the disputes. I believe that this type of dispute resolution process in specific situations is very effective and saves both time and costs”

—Diane Ferro
Vice President-Claims
CNA Insurance Companies

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“Recently we faced this issue: Where do two run-off entities, both cost conscious in nature who are usually able to resolve their differences amicably, principle to principle, go when they reach an impasse? We decided to retain a mediator and, within weeks, were able to achieve a satisfactory result through a single day mediation, costing a fraction of projected arbitration costs and enabling us to retain our good working relationship. Based upon this experience, we would both use mediation as a form of dispute resolution in the future.”

—Karen Amos
Joint Head of Claims, Resolute Management Services Limited
and

Marianne Petillo
President and CEO, ROM Re

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“A mediator who is knowledgeable about reinsurance is critical to the successful mediation of a reinsurance dispute. The mediator must also be someone whose views are well-respected in the industry.”

—Mark S. Gurevitz
Senior Vice President and Associate General Counsel
The Hartford

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“Effective mediation, guided by experienced professionals, saves time and money and helps preserve business relationships. I have seen matters resolved in mediation in which the opening offers and demands were separated by as much as $75 million. I frequently recommend mediation as advisable prior to incurring the costs of discovery and motion practice that accompany formal proceedings.”

—Rich Mason
Member, Cozen O’Connor

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”A strong mediator knows how to push each side to a more realistic risk assessment. Mediation offers the potential to save months of effort and expense that should be reserved for those cases that truly warrant plenary proceedings.”

—Peter Chaffetz
Partner, Chaffetz Lindsey, LLP

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“In the appropriate circumstances, mediation is a powerful tool to bring parties closer together.”

—Mark S. Gurevitz
Senior Vice President and Associate General Counsel
The Hartford

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I would recommend the use of mediation in a reinsurance dispute where the facts of a case are relatively well developed, but the parties are unable to bridge the gap in their perception as to the value of the dispute. An effective mediator, experienced in reinsurance custom and practice and the arbitration process, will often be able to manage those expectations to the point where a deal can be reached. Given the ever increasing cost and delay of the arbitration and litigation process, mediation is a useful tool to help parties resolve their differences.”

—Robert Redpath
Senior Vice President and General Counsel
Clarendon Insurance Group