Century Seeks Confirmation of RDR Award

NEW YORK - Century Indemnity Co. has asked a New York federal judge to confirm arbitration awards in a dispute with certain London Market reinsurers involving reinsurance documentation requirements. Century Indemnity Co. v. Equitas Insurance Ltd., No. 11-1040 (S.D. N.Y.).

The Feb. 15 petition, filed in the U.S. District Court for the Southern District of New York, says that none of the grounds for vacatur of the award exist in this case.

According to the petition, certain London Market reinsurers reinsured Century under a blanket first excess of loss cover and blanket second excess of loss cover between Jan. 1, …