N.Y. Federal Judge Confirms Arbitration Award, Resolving $2.9 Million Reinsurance Dispute

NEW YORK — A New York federal judge has granted Berkley Insurance Co.’s unopposed petition to confirm a reinsurance arbitration award that resolved its $2.9 million billing dispute with Excalibur Reinsurance Corp.

On May 14, Judge Laura T. Swain of the U.S. District Court for the Southern District of New York issued the order after the parties filed a joint stipulation for confirmation of the award.

More than a decade ago, Excalibur’s predecessor, Caliber One Insurance Co., reinsured certain of its primary casualty business with Berkley’s predecessor, Signet Star Reinsurance Co. The parties entered into four one-year reinsurance treaties, in …