Reinsurance & Arbitration

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Issue #3, June 2008

Judge Dismisses Reinsurance Associations' Suit Against AIG

A Minnesota judge dismissed a lawsuit accusing AIG of fraudulently understating its workers' compensation premiums

Lawrence Brandes, Harry Cohen, Will Leave Cadwalader

Reinsurance and arbitration specialists <b>Lawrence Brandes</b> and <b>Harry Cohen</b> say they plan to leave Cadwalader, Wickersham & Taft

House of Lords Orders Transfer of HIH Reinsurance Assets to Australia

England's highest court ruled that reinsurance assets held in the U.K. for the insolvent HIH group should be transferred to Australia

Ramona Tire Refutes Rehabilitator's Fraud Claims

Ramona Tire Inc. wholly denied allegations that it underfunded its captive insurer in an effort to defraud Frontier Insurance Co.

N.J. Judge Orders Converium To Follow $4.4M Settlement

Converium Re is bound to a $4.4M settlement of employer liability claims because the ultimate net loss exceeded the treaty's retention, a N.J. judge ruled

Reinsurer Must Pay Costs Arising From Confirmation Proceedings

After prevailing in their effort to confirm an award, two claims adjusters are entitled to collect $335,396 in costs from Employers' Re

Issue #2, May 2008

Indiana Judge Awards $20 Million To Victims of ERISA Scam

An Indiana judge awarded $20M to small business owners who paid for phony employee benefit plans backed by an undercapitalized Belgian reinsurer

Senate Confirms Catharina Haynes to the 5th Circuit

<b>Catharina Haynes</b>, a partner with Baker Botts in Dallas, has been confirmed to the 5th Circuit U.S. Court of Appeals.

Aon Ltd. May Not Appeal Denial Of Summary Judgment, Pa. Judge Rules

A reinsurance broker accused of causing a cedent to suffer more than $30M in damages may not appeal denial of its motion for summary judgment

North Star Seeks Confirmation of $224,615 Arbitration Award

North Star Reinsurance Corp. seeks confirmation of an arbitration award issued against Harel Insurance Co.

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