Reinsurance is an ever-changing industry and the competition is getting tougher. To maintain their edge, even the most seasoned litigators require an insider's knowledge of the latest news, issues and strategies. There's an easy way to stay on top all of the latest reinsurance-related legal developments. Subscribe to HarrisMartin's Reinsurance Report, a new publication and online resource from HarrisMartin Publishing.
SEARCH THE ARCHIVES
A Florida state judge has allowed Instituto Nacional De Seguros to amend its second complaint against Hemispheric Reinsurance Group and Howden Insurance Brokers to add fraud claims accusing them of intentionally overcharging premium by “grossing up” and then covering up their wrongdoing.
American Medical Life Denied Partial Summary Judgment in Reinsurance Dispute with Guarantee Trust Life
An Illinois federal judge has denied American Medical Life and Insurance Co.’s motion for partial summary judgment in a dispute with Guarantee Trust Life Insurance Co., ruling that issues of fact exist as to whether GTL is bound under a reinsurance treaty covering AMLI’s limited medical insurance policies.
Pine Top Receivables of Illinois may not compel Banco de Seguros del Estado to arbitrate a $2 million reinsurance dispute, an Illinois judge has ruled, finding an agreement assigning certain collection rights to PTRIL did not convey the power to compel arbitration.
A New York federal judge has denied Lexington Insurance Co.’s motion to compel an insured to arbitrate an insurance dispute, finding the question of coverage does not turn on an interpretation of the policy as required by its narrowly-worded arbitration clause.
The Travelers Indemnity Co. (NYSE: TRV) has asked a Connecticut federal judge to enforce a settlement agreement under which Excalibur Reinsurance Corp. allegedly agreed to pay $217,800 in past due reinsurance proceeds.
Atlanta International Insurance Co. has asked a New York federal judge to appoint an umpire to oversee its reinsurance arbitration with Clearwater Insurance Co., asserting Clearwater has refused to proceed with the parties’ agreed-upon umpire selection process.
National Casualty Insurance Co. and Employers Insurance Company of Wausau have asked a Massachusetts federal judge to rule that certain OneBeacon Insurance Group companies are collaterally estopped from arbitrating the same reinsurance claims that were at issue in a previous arbitration.
Employers Insurance Company of Wausau has opposed OneBeacon Insurance Co.’s (NYSE: OB) motion to stay a $600,000 reinsurance action, asserting OneBeacon has failed to show there is a “pressing need” for such an “indefinite” stay.
A New York federal judge has granted Berkley Insurance Co.’s unopposed petition to confirm a reinsurance arbitration award that resolved its $2.9 million billing dispute with Excalibur Reinsurance Corp.
"Catastrophe Bond Market Fosters Innovation and Competition with the Traditional Reinsurance Market"
Roland C. Goss of Jorden Burt discusses significant developments in both the catastrophe bond and traditional reinsurance markets.