Reinsurance & Arbitration

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Issue #3, June 2008

N.Y. Judge Unseals Award in $3.3 Million Case

A N.Y. judge unsealed two arbitration awards in which Global Reinsurance Corp.'s demand for $2.7M in commutation balances was denied

U.K. Court of Appeal Orders Disclosure Of Arbitration Documents

In a dispute pending in England and internationally, interests of justice require disclosure of arbitration documents in those proceedings, a U.K. court ruled

Reinsurer's Agent Improperly Joined, Florida Judge Rules

A Florida judge has ruled that a reinsurer's agent was improperly joined to a cedent's declaratory judgment action

Foreign Investors Urge N.Y. Judge to Grant Class Certification

Foreign shareholders of Converium stock are urging a N.Y. judge to grant them class certification

Reinsurer May Appeal $91.4M Award Without Leave of Court

An English justice ruled that a reinsurer is not required to seek leave of court in order to appeal a $91.4 million award

Judge Dismisses Reinsurance Associations' Suit Against AIG

A Minnesota judge dismissed a lawsuit accusing AIG of fraudulently understating its workers' compensation premiums

Lawrence Brandes, Harry Cohen, Will Leave Cadwalader

Reinsurance and arbitration specialists <b>Lawrence Brandes</b> and <b>Harry Cohen</b> say they plan to leave Cadwalader, Wickersham & Taft

House of Lords Orders Transfer of HIH Reinsurance Assets to Australia

England's highest court ruled that reinsurance assets held in the U.K. for the insolvent HIH group should be transferred to Australia

Ramona Tire Refutes Rehabilitator's Fraud Claims

Ramona Tire Inc. wholly denied allegations that it underfunded its captive insurer in an effort to defraud Frontier Insurance Co.

N.J. Judge Orders Converium To Follow $4.4M Settlement

Converium Re is bound to a $4.4M settlement of employer liability claims because the ultimate net loss exceeded the treaty's retention, a N.J. judge ruled

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