Clearwater Seeks Confirmation of $2 Million Award
January 9, 2009
DOCUMENTS
- Petition, Award
- Reply, Exhibits
New York - Clearwater Insurance Co. has petitioned a New York federal court to confirm an arbitration award requiring a group of London Market reinsurers (LMRs) to pay $2 million in retrocessional proceeds. Clearwater Insurance Co. v. Allianz Cornhill International, et al., No. 08-8695 (S.D. N.Y.).
In its Nov. 24 petition, filed in the U.S. District Court for the Southern District of New York, Clearwater asserts that the amended final award, which requires the reinsurers to pay $1,912,799, "conforms to the requirements of 9 U.S.C. § 9."
In their Nov. 24 reply, the reinsurers assert that the award is unenforceable …
UPCOMING CONFERENCES
HarrisMartin’s Artificial Stone Silicosis Epidemic Litigation Conference
January 10, 2025 - Long Beach, CA
The Westin Long Beach
HarrisMartin's New Jersey Asbestos Litigation Conference
February 27, 2025 - New Brunswick, NJ
Hyatt Regency New Brunswick