Reinsurance & Arbitration

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Issue #2, May 2008

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

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

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