STORY FROM: Reinsurance & Arbitration
Reliance Europe Says Reinsurer May Not Avoid Treaties
April 8, 2008
PHILADELPHIA - Reliance National Insurance (Europe) Corp. is urging a Pennsylvania federal judge to compel arbitration of a dispute over whether its reinsurer can deny payment for future claims on the basis of material misrepresentation. Reliance National Insurance Company (Europe) Ltd. v. CX Reinsurance Company Ltd., No. 2:07-cv-01351-NS (E.D. Pa.).
On March 25, Judge Norma L. Shapiro of the U.S. District Court for the Eastern District of Pennsylvania heard oral argument on RNICE's first amended petition to compel arbitration.
From the early 1980's through 2000, RNICE was reinsured under 134 treaties issued by CNA, the predecessor to CX Reinsurance Company ...
Petition to Compel