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Reinsurance & Arbitration

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Issue #18, September 2009

Reinsurer May Be Directly Liable To Insured, Federal Judge Rules

A federal judge has refused to dismiss cross-claims brought against a reinsurer that seek contribution toward an $11.5 million settlement


3rd Circuit Remands $1.7 Million Action to N.J. Federal Court

A ruling that Converium Reinsurance (North America) Inc. is liable to Princeton Insurance Co. for $1.7 million under a reinsurance treaty has been vacated


Hospitals May Seek Payment Directly From Reinsurer, Court Rules

Two hospitals may seek payment of medical malpractice claims directly from the reinsurer of a now-insolvent fronting company because the reinsurer


Eagle Star/Highlands Settlement Does Not Violate Texas Law

A settlement of reinsurance obligations reached between the receiver of Highlands Insurance Co. and Eagle Star Insurance Company Ltd.


$1.5 Million Claim Against Reinsurer is Unripe, English Court Rules

The English Privy Council ruled July 15 that New Hampshire Insurance Co. lacks standing to pursue a claim for $1.5 million in trust funds


Judge Finds In Favor of Starr on AIG Breach-Of-Trust Claim

A company run by the former chief of American International Group Inc. did not breach its duty to the insurer by selling $4.3 billion of AIG stock


Judge Tosses Commutation Action, Citing Lack of Jurisdiction

A federal judge dismissed a commutation dispute between The Robert Plan Corp. and AIG, ruling that the action


NCCI's Action Against AIG Tossed by Illinois Federal Judge

A federal has ruled that the National Council on Compensation Insurance may not sue AIG for injuries suffered by members of a workers' compensation pool


Mid-Continent May Not Litigate Bad Faith Claim, Judge Rules

Mid-Continent Casualty Co. may not amend its complaint against General Reinsurance Corp. to add a bad faith claim


Issue #17, August 2009

Cedents Ask Court to Appoint Umpire to Oversee Contract Dispute

Two cedents have asked a court to appoint an umpire to oversee their arbitration of a dispute with Employers Insurance Company of Wausau


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