Reinsurance & Arbitration

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Issue #13, April 2009

Covenant and Arrowood Settle Battle Over Reinsurance Premiums

A reinsurance program administrator and Arrowood Indemnity Co. on Feb. 23 agreed to settle their dispute over alleged unpaid premiums

Issue #12 good, March 2009

Association Members May Bring Fiduciary Duty Claims Against Board

Members of a windstorm coverage association have standing to bring breach of fiduciary claims against the association's board because each member was injured

Reinsurer Not Obligated to Pay For Settlement of Foster Care Action

A reinsurer is not obligated to reimburse a governmental risk pool for sums spent in litigating and settling claims accusing two state counties of avoiding

Federal Judge Dismisses Securities Action Against PXRE

A federal judge has dismissed a securities lawsuit against a Bermudian reinsurer, finding that the plaintiff failed to

Former Gen Re Exec Garand Sentenced to 1 Year in Prison

A federal judge has sentenced former General Re Corp. executive Christopher Garand to one year in prison and fined him $200,000

NICO Not Entitled To Summary Judgment, Dukes Place Argues

Dukes Place Holdings L.P. asserts that counterclaims accusing National Indemnity Co. of fraud are not barred by <i>res judicata</i> because

Reinsurers' Liability is Several, Not Joint, Federal Judge Rules

A federal judge has ruled that a $2 million arbitration award issued in favor of Clearwater Insurance Co. should include spreadsheets setting forth the

Judge Dismisses $45 Million Action To Allow Mediation

A federal judge has dismissed a $45 million coverage action, allowing Huntsman Corp., its captive insurer and several reinsurers to

Reinsurers Seek Transfer of $1.33 Million Case to Pennsylvania

Two reinsurers have moved to transfer to Pennsylvania federal court a $1.33 million reinsurance dispute filed in New York

Judge Strikes AIG's Affirmative Defenses in NCCI Action

A federal judge has struck affirmative defenses filed by American International Group Inc. in response to a $1 billion lawsuit accusing it of

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