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Issue #11, February 2009

Covenant Counterclaims Against Arrowood for $157,182

A reinsurance program administrator has counterclaimed against Arrowood Indemnity Co. in federal court, seeking $157,182


'Run-Off Option' Extended Reinsurance Coverage, Arrowood Asserts

Arrowood Surplus Lines Co. is refuting Westport Insurance Corp.'s assertion that Arrowood is not entitled to $6.8 million in reinsurance coverage for


Investors Denied Priority Access to Reinsurance Proceeds

A federal court properly dismissed a counterclaim brought by investors seeking a constructive trust over proceeds from the settlement of reinsurance claims


Former AIG Exec Sentenced to Four Years in Prison

A federal judge has sentenced former American International Group vice president Christian M. Milton to four years in prison and


Federal Judge Confirms Allocation Award in Favor of TIG

An arbitration award stating that Global International Reinsurance Company Ltd. had released its right to audit and dispute claims reported


Cavell May Pursue Suit Against Seaton, Stonewall

A judge has ruled that two insurers breached a settlement agreement between their owner and claims administrator Cavell USA Inc. by bringing fraud claims


VUL Policyholders Accuse Argus of Losing Billions to Madoff

A group of variable universal life insurance policyholders have sued Argus Group Holdings Ltd., alleging that their policies may be worthless


Reinsurer's $630,000 Offset Was Proper, State Court Rules

A reinsurer properly offset $630,000 in unpaid premiums when it paid a now-insolvent insurer the limits of a $2 million reinsurance policy


Issue #10, January 2009

Party-Appointed Arbitrators: Is There a Duty of Advocacy?

The authors discuss the desirability of partisan, non-neutral arbitrators as compared to international norms of strict neutrality


Reinsurance Arbitrations in a Sub-Prime Era

The recent collapse in the housing market as well as the market for mortgage-backed securities will continue to generate reinsurance disputes


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