2nd Circuit Reverses Vacatur of Award; Finds No Evident Partiality

NEW YORK - A federal appellate court has reversed vacatur of an arbitration award, ruling that the arbitrators' failure to disclose their concurrent service in another arbitration did not constitute evident partiality. Scandinavian Reinsurance Company Ltd. v. St. Paul Fire & Marine Insurance Co., No. 10-0910 (2nd Cir.).

On Feb. 3, the 2nd Circuit U.S. Court of Appeals found no evidence that the arbitrators were predisposed to favor one party over another in either arbitration.

In August 1999, Scandinavian and St. Paul entered into a retrocessional casualty stop loss agreement, under which St. Paul ceded a portion of …