STORY FROM: Reinsurance & Arbitration
Reinsurer to Appeal Ruling that New Arbitration Panel Must Consider Consolidation Question
April 17, 2019
HARRISBURG, Pa. — A reinsurer plans to appeal a Pennsylvania federal judge’s ruling that procedural issues relating to the interpretation of an arbitration provision’s consolidation language should be considered by a newly-appointed arbitration panel, rather than the panel from an earlier arbitration.
Everest Reinsurance Co. will challenge the March 14 decision in the 3rd Circuit U.S. Court of Appeals, according to an April 9 notice of appeal. Everest will also appeal the trial court’s decision to seal certain documents, including the reinsurance treaties at issue.
From 1991 to 1996, Penn National entered into several excess-of-loss reinsurance treaties with multiple reinsurers, ...
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Thorp Reed & Armstrong
Notice of Appeal