Dispute Between Hartford, IRB Brasil Sent to Arbitration

WATERBURY, Conn. - A Connecticut state judge has ruled that arbitration of a reinsurance dispute between Hartford Accident and Indemnity Co. and IRB Brasil Resseguros S.A. would not prejudice Hartford because there is no risk that issues will be re-litigated. Hartford Accident and Indemnity Co. v. ACE American Reinsurance Co., et al., No. 02-030178122S (Conn. Super., Waterbury).

Judge Dennis G. Eveleigh of the Waterbury Superior Court further ruled that Hartford has not spent substantial sums in litigating its claims against IRB.

For more than 30 years, a group of reinsurers covered Hartford under a series of annual reinsurance contracts known …