STORY FROM: Reinsurance & Arbitration

6th Cir. Stays Arbitration in Prejudgment Interest Dispute Pending Parties’ Cross-Appeals

CINCINNATI — The 6th Circuit U.S. Court of Appeals has stayed an arbitration involving the amount of prejudgment interest due National Union Fire Insurance Company of Pittsburgh in a reinsurance dispute pending the parties’ cross-appeals of a district court’s confirmation of related arbitration awards.

In an April 7 order, the appellate court said National Union’s argument that the district court exceeded the scope of its authority by directing the parties to arbitrate an issue the arbitration panel already resolved has merit.

National Union Fire Insurance Company of Pittsburgh issued a three-year Underlying Per Occurrence Excess of Loss Reinsurance Treaty that ...

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