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Reinsurance & Arbitration

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Issue #10, January 2009

6th Circuit Upholds Award of Attorneys' Fees to Plan Fiduciary

The 6th Circuit has ruled that a federal judge properly awarded attorneys' fees to a plaintiff whose suit against the administrator of


Court Upholds Confirmation of $577,136 Award

A court has affirmed that an arbitration award directing a reinsurer to pay its cedent $577,136 in professional liability reinsurance proceeds does not violate


Appellate Court Affirms $675,000 Ruling in Favor of Cedent

An English appellate court has affirmed that a Greek reinsurer must pay Allianz Insurance Company of Egypt $675,000


Issue #9, December 2008

New Arbitration Ordered After Arbitrator's Unexpected Withdrawal

In the wake of a party arbitrator's withdrawal, a federal judge has ordered a new arbitration in a dispute between Insurance Company of North America and


Ferguson Sentenced to Two Years, Fined $200,000

A federal judge has sentenced former General Re Corp. chief executive officer Ronald E. Ferguson to two years in prison and fined him $200,000 for


Zurich Will Pay $25 Million to Settle SEC Charges

Zurich Financial Services AG will pay $25 million to settle charges brought by the SEC relating to three finite reinsurance transactions


Reinsurers Will Pay $54 Million To Korean Cedent

Certain London market reinsurers have agreed to pay a Korean insurer about $54 million to settle a long-running dispute involving


Philadelphia Jury Renders $24 Million Verdict Against Aon

A Pennsylvania jury has returned a $24 million verdict against Aon, finding that the broker caused United National Insurance Co. to suffer massive damages


Battle Over Coverage for Asbestos Claims Remanded to State Court

A federal judge has remanded to state court a battle over whether underlying asbestos claims


Insurer Demands Contribution From Reinsurer For Defense Costs

An insurer has counterclaimed against the reinsurer of Frontier Insurance Co. for contribution toward the settlement of construction defects claims


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