Follow-up Questions on the Reinsurance Contract

Mika: Thanks for arranging this follow-up call, Emily. You mentioned there were a few points you wanted to clarify before drafting the revised memo. I’m happy to go through them one by one.

Emily: Thank you, Mika. I appreciate your time. First, I’d like to confirm how your China team currently handles confidentiality requirements when sharing underwriting data with the local reinsurer.

Mika: At the moment, all data transfers go through our internal secure platform. Only the Beijing legal team and the underwriting manager have approval rights. If you need documentation of that process, I can provide it.

Emily: That would be helpful. Another question is about the dispute-resolution clause. Do you prefer arbitration in Hong Kong or Singapore for this contract? Both options seem reasonable from a regulatory standpoint.

Mika: Given our past cases, Singapore might offer a more predictable process. However, I want to make sure it aligns with your risk assessment. Do you see any disadvantages?

Emily: Not from a legal perspective. Singapore arbitration is quite efficient for cross-border matters. I just wanted to confirm your preference before I finalize the recommendation.

Mika: Great, then let’s go with Singapore. Also, I wanted to check whether the indemnity language needs to be tightened. Our compliance team raised a concern about potential ambiguity.

Emily: I agree. I was planning to propose clearer wording that specifies each party’s obligations under Chinese regulations. I’ll send you a draft today for your review.

Mika: Perfect. Please include examples where necessary so I can brief our internal stakeholders. I’ll try to get you feedback by tomorrow.

Emily: Sounds good. Once I receive your comments, I’ll update the memo immediately. Thanks again, Mika—this helps ensure the advice we issue is fully aligned with your internal processes.