Reinsurance & Arbitration

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Issue #14, May 2009

Transfercom Must Post $365,539 Letter of Credit

Yasuda Fire & Marine Insurance Co.'s successor must comply with a final arbitration award and post a $365,539 letter of credit to secure

Are Reinsurers Liable for Tort Damages for Breach?

The author examines relevant case law to clarify whether tort damages are available to cedents claiming breach of contract against reinsurers in court

Arbitrators Had Authority To Impose Sanctions, Court Rules

An arbitration panel did not exceed its authority in awarding attorney and arbitrator fees as a sanction for a party's failure to arbitrate in good

Federal Judge Confirms $2 Million Arbitration Award

A federal judge has confirmed an arbitration award that requires Argonaut Insurance Co. to pay Global Reinsurance Corp. $2 million in retrocessional balances

3rd Circuit Dismisses Guarantors' Appeal of $70 Million Order

A 3rd Circuit U.S. Court of Appeals panel has ruled that it lacks jurisdiction over an appeal brought by the guarantors of a reinsurance contract

Issue #13, April 2009

Federal Judge Dismisses Suit Against N.Y. Insurance Regulators

A suit brought by the former owner of an offshore reinsurer against New York insurance regulators in an effort to

New Jersey Jury Finds in Favor of Aon in Unicover Case

A New Jersey jury has returned a defense verdict in favor of Aon Corp., finding that the broker fulfilled its fiduciary duty to a reinsurer

Cedent Asks Judge to Send Dispute Over Trust Funds to Arbitration

American Heritage Life Insurance Co. is urging a federal judge to send to arbitration a state court dispute over reinsurance trust account funds

Confirming Arbitration Awards: To Seal or Not to Seal?

This article explores the case law concerning the sealing of arbitration awards as well as the arguments that may (or may not) persuade a court to seal.

Seaton Seeks to Add $166,726 in Claims Against Century

Seaton Insurance Co. has asked a federal judge for permission to amend its complaint against Century Indemnity Co. to add three additional claims for

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