Reinsurance & Arbitration

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Issue #25, April 2010

Cedent Sues Westport Insurance for $500,000

A cedent is demanding that Westport Insurance Co. pay nearly $500,000 in reinsurance proceeds for the settlement of underlying asbestos

Cedents Seek Confirmation of Award Rendered Against ACIC

Two cedents have asked a federal judge to confirm an award in which arbitrators ordered American Constantine Insurance Co. to

Reinsurers May Proceed in U.K.; Cedents May Proceed in U.S.

A federal judge has refused to enjoin reinsurers from proceeding against CCC Casualty Co. in a parallel proceeding in England, ruling that

Does a Service-Of-Suit Clause Bar Removal to Federal Court?

Unfortunately, the service-of-suit clause can create confusion when placed in a reinsurance contract that also contains a mandatory arbitration provision

Dismissal of Final Claim Affirmed In $55 Million Action

A federal appeals court has affirmed dismissal of the last claim in a lawsuit brought against the Republic of Indonesia and its state-owned insurer

Issue #24, March 2010

Rehearing Denied in <i>U.S. Life v. Superior National</i>

A federal appeals court has denied U.S. Life Insurance Co.'s petition for rehearing <i>en banc</i> after confirming an arbitration award

Judge Vacates Magistrate's Findings in Foster Wheeler Coverage Case

A federal judge has vacated without prejudice a magistrate judge's report and recommendation as to choice-of-law and notice issues in a $12.3 million dispute

Arbitrators' Award of Attorney Fees Was 'Gross Error,' Court Rules

A state appellate court vacated a portion of an arbitration award granting attorneys' fees to a cedent, ruling that it violated state insurance law

Prejudgment Interest is Covered Under Reinsurance Contract, Judge Rules

A federal judge has ruled that prejudgment interest imposed in a medical malpractice case is covered under a reinsurance contract

Judge Refuses to Reconsider Sending $1.9 Million Case to Arbitration

A federal judge has refused to reconsider his decision to send a dispute between a reinsurance broker and Certain Underwriters at Lloyd's London to arbitration

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