Subrogation in insurance and reinsurance
Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation entitles an insurer or reinsurer, having indemnified the (re)insured, to 鈥榮tep into its shoes鈥 to bring an action in the (re)insured鈥檚 name. For the purpose