Reinsurance & Arbitration

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Issue #21, December 2009

Judge Confirms $6.6 Million Award, Denies Setoff Request

A federal judge has confirmed a $6.6 million arbitration award rendered in favor of Trustmark Insurance Co. and denied

Judge Denies <i>Vacatur</i> of $682,939 Attorneys' Fees Award

A federal judge has refused to vacate an arbitration award of $682,939 in attorneys' fees and costs in favor of Odyssey America Reinsurance Corp., ruling that

5th Circuit Rules <i>En Banc</i> That Arbitration Treaty Trumps State Law

In <i>Safety National</i>, the 5th Circuit considered <i>en banc</i> whether the McCarran-Ferguson Act caused state law to "reverse-preempt" the Convention

Transferring Books of Business: Recent Case Law

Books of insurance business may be transferred for a variety of reasons, including the generation of revenue

Issue #20, November 2009

Pacific Employers Insurance Demands Payment From AXA Belgium

Pacific Employers Insurance Co. has sued AXA Belgium S.A. in federal court for reinsurance proceeds allegedly due and owing under a quota share contract

Century Indemnity Demands $2.4 Million From Twin City Fire

Century Indemnity Co. is demanding $2.4 million in reinsurance proceeds from Twin City Fire Insurance Co. for latent exposure losses sustained by

Northland Insurance Sues PMA Capital for $1.3 Million

Northland Insurance Co. is suing PMA Capital Insurance Co. in federal court, demanding $1.3 million in reinsurance proceeds

Louisiana Law Does Not Preempt N.Y. Convention, 5th Circuit Rules

Louisiana state law does not reverse-preempt the Convention on the Recognition and Enforcement of Foreign Arbitral Awards

Seaton, Stonewall Sue Clearwater for $535,365 Plus Future Sums

Seaton Insurance Co. and Stonewall Insurance Co. are suing Clearwater Insurance Co. for more than $535,365 in reinsurance proceeds, plus

Federal Judge Dismisses Guarantors' Counterclaims Against Everest

A federal judge has dismissed counterclaims of fraud and misrepresentation brought by the guarantors of a reinsurance contract against Everest National.

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