Reinsurance & Arbitration

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Issue #5, August 2008

Panel Acted in Manifest Disregard of Law, 1st Circuit Rules

An arbitration panel acted in manifest disregard of the law when it dismissed certain claims with prejudice without first imposing lesser sanctions

Reinsurer's Claims Against Fremont General are Time-Barred

Breach of contract and fraud claims brought by a reinsurer against the parent companies of the now-insolvent Fremont Indemnity Co. are time-barred

Issue #4, July 2008

Reinsurer May Not Question Cedent's Allocation, Judge Says

A federal judge on June 24 affirmed her earlier ruling that a "follow-the-fortunes" clause precludes a reinsurer from questioning a cedent's allocation of

Willkie Farr Joins Forces With U.K. Boutique Firm

Willkie Farr & Gallagher has entered into a strategic alliance with British corporate boutique Dickson Minto

Federal Judge Sends $4.25 Million Case to Mediation

A $4.25 million dispute between Munich Reinsurance America Inc. and a self-insured retention pool was sent to mediation by a federal judge

Federal Judge Sends $88.5 Million Battle to Arbitration

An $85.5 million dispute between ITT Industries Inc. and its former captive reinsurer was sent to arbitration on June 20 by a federal judge

Seaton, Century Will Attempt to Settle $3.2 Million Case

A federal magistrate judge has ordered Seaton Insurance Co. and Century Indemnity Co. to attempt settlement of a $3.2 million dispute over

Crowell & Moring Barred From Representing Reinsurer in $3.1 Million Case

A federal magistrate judge ruled that Crowell & Moring may not represent Illinois Union Insurance Co. in a $3.1 million case because

California Jury Finds In Favor of Reinsurer In $6.6 Million Action

A California jury on June 6 determined that a $6.6 million suit brought by Transport Insurance Co. against its reinsurer was not timely filed

Huntsman Urges Remand Of $45 Million Coverage Battle

An insured is urging a federal judge to remand a $45 million coverage dispute to state court, arguing that the reinsurers have waived their right of removal

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