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Issue #2, May 2008

North Star Seeks Confirmation of $224,615 Arbitration Award

North Star Reinsurance Corp. seeks confirmation of an arbitration award issued against Harel Insurance Co.


Cedent Urges Court to Allow Claim for Punitive Damages Against Munich Re

Under California law, reinsurers who misapply exclusions and fail to properly investigate claims can be held liable for bad faith in tort, a cedent argues


Hinshaw & Culbertson Partner Shaves Head For Cancer Research

<b>Edward K. Lenci</b>, a partner with Hinshaw & Culbertson in New York, shaved his head to raise more than $2,500 for childhood cancer research.


Lincoln General Says It Has No Remaining Obligations to Cedent

In a newly filed suit, Lincoln General Insurance Co. seeks a ruling that it has no remaining obligations under a treaty that terminated in January 2005


Wasa v. Lexington: the War Between England and the Colonies Has Ended

Robert E. Wilder and Sarah E. Rouse discuss an English Court of Appeal decision that has ''potentially major ramifications for reinsurers.''


Binding Nonsignatories to Arbitration Clauses in Reinsurance Contracts

Robert M. Hall discusses exceptions to the nonsignatory rule in the context of arbitration clauses


English Court Says Grant Thornton Is Covered For Parmalat Collapse

Grant Thornton is not barred from obtaining professional liability coverage for securities claims arising from the Parmalat collapse, an English judge ruled.


$2 Million Lawsuit Over ECRA Pool Proceeds Settled In New York

Peerless Indemnity Insurance has agreed to settle a N.Y. federal action in which it demanded more than $2 million in retrocessional proceeds


Self-Insured Pool Demands $3.25 Million From Munich Re

A reinsurer seeks dismissal of a suit in which a cedent seeks reimbursement of $4.25 million it paid to settle claims brought against a California city


Universal, Hartford Battle Over Coverage for Securities Settlement

A $5M action involving reinsurance coverage for settlement of securities fraud claims against Doral Financial Corp. was removed to Puerto Rico federal court


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