Reinsurance & Arbitration

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Issue #11, February 2009

Former AIG Exec Sentenced to Four Years in Prison

A federal judge has sentenced former American International Group vice president Christian M. Milton to four years in prison and

Federal Judge Confirms Allocation Award in Favor of TIG

An arbitration award stating that Global International Reinsurance Company Ltd. had released its right to audit and dispute claims reported

Cavell May Pursue Suit Against Seaton, Stonewall

A judge has ruled that two insurers breached a settlement agreement between their owner and claims administrator Cavell USA Inc. by bringing fraud claims

VUL Policyholders Accuse Argus of Losing Billions to Madoff

A group of variable universal life insurance policyholders have sued Argus Group Holdings Ltd., alleging that their policies may be worthless

Reinsurer's $630,000 Offset Was Proper, State Court Rules

A reinsurer properly offset $630,000 in unpaid premiums when it paid a now-insolvent insurer the limits of a $2 million reinsurance policy

Issue #10, January 2009

Party-Appointed Arbitrators: Is There a Duty of Advocacy?

The authors discuss the desirability of partisan, non-neutral arbitrators as compared to international norms of strict neutrality

Reinsurance Arbitrations in a Sub-Prime Era

The recent collapse in the housing market as well as the market for mortgage-backed securities will continue to generate reinsurance disputes

OHIC Seeks Dismissal of Reinsurer's $1.5 Million Counterclaim

In an action involving one of Wisconsin's largest medical malpractice judgments, OHIC Insurance Co. seeks dismissal of a reinsurer's $1.5 million counterclaim

Federal Judge Orders Award Sealed Pending Confirmation Proceedings

A federal judge has sealed a final reinsurance arbitration award pending Century Indemnity Co.'s motion to confirm and

NICO Seeks Summary Judgment on Fraud Allegations

National Indemnity Co. (NICO) has moved for summary judgment on counterclaims that accuse it of scheming to control the runoff of Seaton Insurance Co. and

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