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Reinsurance & Arbitration

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Issue #1, April 2008

Intermediary, Cedent Settle Letter-Of-Credit Dispute

A reinsurance intermediary settled its dispute with a cedent over a letter of credit posted in connection with a "rent-a-captive" reinsurance program


Judge Dismisses Final Claim Against Insurer In $55 Million Action

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


AIG May Appeal $34.3 Million Award To German Reinsurer

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 $15 Million Premium To Granite Re, 8th Circuit Rules

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


Cedents Must Pay $15 Million Premium To Granite Re, 8th Circuit Rules

n insurance holding company and its subsidiaries are obligated to pay the entire $15 million premium for a five-year


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