Reinsurance & Arbitration

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Issue #8, November 2008

Cedents Seek Deposition of IRC Re's Incarcerated Exec

In a $2.6 million coverage battle, Trenwick America seeks to depose the president of IRC Re, who is being held in prison on charges of drunk driving

Federal Judge Refuses to Amend Follow-The-Fortunes Ruling

A federal judge refused to amend his ruling that a reinsurance treaty issued by Employers Reinsurance Corp. incorporated the doctrine of follow-the-fortunes

Tonicstar, National Union Settle $1.8 Million Case

Tonicstar Ltd. has agreed to settle a dispute with National Union Fire Insurance Company of Pittsburgh over reinsurance coverage for a $1.8 million settlement

TIG Asks Federal Judge to Reconsider Discovery Order

TIG Insurance Co. is urging a federal magistrate judge to reconsider a discovery order requiring production of certain attorney-client communications

Judge Orders Reinsurers to Post $5.6 Million

A state judge has ordered a group of unauthorized reinsurers to post $5.6 million in security, plus interest, to secure any judgment rendered in favor of

Judge Admits United National's Exhibits at Aon Trial

A federal judge has ruled that financial tables produced by United National Insurance Co. are admissible at trial

Appalachian Insurance Drops $1.6 Million Suit Against Century

Appalachian Insurance Co. has voluntarily dismissed a $1.6 million lawsuit against Century Indemnity Co.

National Union Sued for $5 Million by Barbados Insurer

A Barbados-domiciled insurer is suing National Union Insurance Co. for $5 million in medical malpractice reinsurance

Judge Refers Arbitrability Issue to Arbitrators in Life Settlement Case

Arbitrators, not the court, should determine the scope and validity of an arbitration agreement, a New York state judge has ruled.

Aries Receiver Demands $4.6 Million From General Reinsurance Corp.

The receiver of Aries Insurance Co. has sued General Reinsurance Corp. to avoid and recover certain allegedly improper and fraudulent transfers

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