Reinsurance & Arbitration

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Issue #7, October 2008

NICO Opposes 'Rearbitration' of Fraud, Rescission Claims

National Indemnity Co. has asked a federal judge to refuse to send reinsurers' rescission claims to arbitration, arguing that the claims were already arbitrated

Federal Magistrate Judge Orders TIG to Produce 256 Documents

A federal magistrate judge has ordered TIG Insurance Co. to release 256 documents to AIU Insurance Co. in a $12.3 million action

NICO Says Veil-Piercing Claims Should Survive Motions to Dismiss

National Indemnity Co. is urging a federal judge to allow breach of fiduciary duty claims to proceed against the owners of Seaton Insurance Co.

Federal Judge Orders Harel to Pay North Star $98,528

A federal judge has issued a default judgment requiring Harel Insurance Co. to pay North Star Reinsurance Corp. $84,124 pursuant to two retrocessional treaties

OneBeacon to Appeal Confirmation of Awards in Favor of EMLICO

OneBeacon America Insurance Co. will appeal a New York federal judge's confirmation of two arbitration awards in which the reinsurer's claims for rescission

Iowa High Court Denies Reconsideration in Preemption Case

The Iowa Supreme Court on Aug. 28 refused to reconsider its ruling that ERISA does not preempt a state regulation allowing for "always secondary" policies

Issue #6, September 2008

Appellate Court Remands Bad Faith Case Against Swiss Re

A state appeals court has remanded a bad faith action brought against Swiss Reinsurance Corp. by a policyholder seeking coverage for a securities action

Reinsurer Demands Contribution For Construction Defects Settlement

Clarendon National Insurance Co. is demanding more than $1 million in contribution from a commercial general liability insurer toward

CNA, SCOR Agree To Stay Dispute Pending Settlement Talks

CNA and SCOR Reinsurance Co. have jointly moved for a stay of their dispute over whether a commutation terminated certain facultative contracts

Allstate, Transatlantic Battle Over Coverage for Asbestos Claims

Allstate Insurance Co. is battling Transatlantic Reinsurance Co. over whether underlying asbestos claims were misallocated

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