STORY FROM: Reinsurance & Arbitration
Munich Re Says Cedent Waived Right to Arbitrate $1.3 Million Reinsurance Dispute
August 7, 2017
MOBILE, Ala. — Munich Reinsurance America Inc. is urging an Alabama federal judge to deny Alabama Municipal Insurance Corp.’s motion to stay a $1.3 million reinsurance dispute pending arbitration, arguing that AMIC has waived its right to arbitrate because it “substantially invoked the litigation process, thereby prejudicing” Munich Re.
In a July 31 brief filed before Judge W. Harold Albritton of the U.S. District Court for the Middle District of Alabama, Munich Re contends that it would be prejudiced by a stay of litigation because it has already expended considerable time and expense answering the pleadings, reviewing documents, and preparing ...
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