Reinsurance & Arbitration

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Issue #10, January 2009

Seaton Sues Yosemite for $550,000 in Reinsurance Proceeds

Seaton Insurance Co. is suing Yosemite Insurance Co. for $550,000 in reinsurance proceeds for asbestos and pollution losses

6th Circuit Upholds Award of Attorneys' Fees to Plan Fiduciary

The 6th Circuit has ruled that a federal judge properly awarded attorneys' fees to a plaintiff whose suit against the administrator of

Court Upholds Confirmation of $577,136 Award

A court has affirmed that an arbitration award directing a reinsurer to pay its cedent $577,136 in professional liability reinsurance proceeds does not violate

Appellate Court Affirms $675,000 Ruling in Favor of Cedent

An English appellate court has affirmed that a Greek reinsurer must pay Allianz Insurance Company of Egypt $675,000

Issue #9, December 2008

New Arbitration Ordered After Arbitrator's Unexpected Withdrawal

In the wake of a party arbitrator's withdrawal, a federal judge has ordered a new arbitration in a dispute between Insurance Company of North America and

Ferguson Sentenced to Two Years, Fined $200,000

A federal judge has sentenced former General Re Corp. chief executive officer Ronald E. Ferguson to two years in prison and fined him $200,000 for

Zurich Will Pay $25 Million to Settle SEC Charges

Zurich Financial Services AG will pay $25 million to settle charges brought by the SEC relating to three finite reinsurance transactions

Reinsurers Will Pay $54 Million To Korean Cedent

Certain London market reinsurers have agreed to pay a Korean insurer about $54 million to settle a long-running dispute involving

Philadelphia Jury Renders $24 Million Verdict Against Aon

A Pennsylvania jury has returned a $24 million verdict against Aon, finding that the broker caused United National Insurance Co. to suffer massive damages

Battle Over Coverage for Asbestos Claims Remanded to State Court

A federal judge has remanded to state court a battle over whether underlying asbestos claims

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