Reinsurance & Arbitration
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Issue #1, April 2008
A N.Y. judge dismissed the last claim brought against the Republic of Indonesia and its insurer for damages arising from a $55M reinsurance fraud scam
A New York judge stayed a $34.3M judgment against AIG after a jury found that it fraudulently induced a reinsurer to participate in a loss-riddled facility
Cedents must pay the entire $15 million premium for a five-year contract even though they stopped writing business after only a year, the 8th Circuit ruled
n insurance holding company and its subsidiaries are obligated to pay the entire $15 million premium for a five-year