Part III Dispute Resolution Under the Bermuda Form, 16 The Arbitration Agreement

Subject(s):

Contracts and insurance

This chapter provides an overview of practical and theoretical aspects of arbitrating disputes concerning Bermuda Form policies, building upon the contents of earlier chapters. A well known feature of the Bermuda Form is its dispute resolution mechanism, namely the requirement for arbitration in London to resolve any dispute between the policyholder and the insurer that cannot be resolved or settled by early negotiation. This requirement for London arbitration is contained in Article VI.N of Form XL004, in the ‘conditions’ section of the Bermuda Form. Article VI.N is a lengthy and detailed clause that contains several subclauses addressing distinct concepts and different aspects of the dispute resolution process and arbitration procedure.