BLM's head of Lloyd's and the London Market, Jennette Newman and head of corporate, Helen Grimberg are attending the Monte Carlo Rendezvous.
Jennette has spoken to Reactions Magazine about the implementation of the Insurance Act and its significant impact on the reinsurance community.
"Firstly, the Act sets out a 'default regime', meaning it will apply unless parties to reinsurance treaties contract out. It follows that widespread contracting out in the market will require careful and considered approaches to drafting clauses appropriate to each particular circumstance..."
To read the full coverage in the Rendez-Vouz Report Day 1, please click here.
