Arbitrators Did Not Manifestly Disregard Law, N.Y. Federal Judge Rules

NEW YORK - A New York federal judge has confirmed a reinsurance arbitration award issued in a dispute over the calculation of Hurricane Ike losses, ruling that the arbitrators did not manifestly disregard the law in refusing to hear certain evidence proffered by the cedent. ACE American Insurance Co., et al. v. Christiana Insurance LLC, No. 11-8862 (S.D. N.Y.).

On April 12, Judge Andrew L. Carter Jr. of the U.S. District Court for the Southern District of New York found that the cedent had adequate opportunity to argue why its evidence should be admitted and the fact that the arbitrators …