Reinsurance & Arbitration

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Issue #2, May 2008

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

Reinsurer Accused Of Failing To Reasonably Settle $21.24 Million Med Mal Case

An $8.2M reinsurance coverage battle involving one of Wisconsin's largest medical malpractice judgments is pending in Ohio federal court

FAA Preempts State Administrative Law, U.S. High Court Rules

The U.S. high court ruled that the FAA preempts state laws that call for disputes to be heard by an administrative agency

Reliance Europe Says Reinsurer May Not Avoid Treaties

Reliance National Insurance (Europe) is urging a Pa. judge to compel arbitration of a dispute over whether its reinsurer can deny payment for future claims

FAA's Narrow Standard Of Review Cannot Be Expanded, High Court Rules

The U.S. Supreme Court ruled that the FAA bars courts from enforcing agreements that provide for more expansive judicial review of an award

SCOR Says $1.7M Commutation Dispute Should Be Arbitrated

A reinsurer asked an Illinois judge to stay a $1.7 million dispute over whether a commutation includes certain reinsurance contracts

Munich Re, Tall Tree Battle Over Coverage For Hewlett Packard Actions

Munich Re asked a California court to dismiss a suit brought by a cedent demanding reinsurance coverage for claims filed against Hewlett-Packard Co.

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