Arbitrators Did Not Exceed Authority in Denying Interest

PHILADELPHIA - Arbitrators did not exceed their authority by refusing to order Fencourt Reinsurance Company Ltd. to pay interest, attorney's fees and costs to Century Indemnity Co., a Pennsylvania federal judge has ruled. Century Indemnity Co. v. Fencourt Reinsurance Company Ltd., No. 09-MC-53 (E.D. Pa.).

On July 22, Judge Anita B. Brody of the U.S. District Court for the Eastern District of Pennsylvania held that the arbitration panel's interpretation of the reinsurance agreements was reasonable.

The dispute relates to eight reinsurance agreements between Century and Fencourt. In December 2008, an arbitration panel ordered Fencourt to pay a certain sum to …