Cedent Asks N.Y. Federal Judge to Appoint Umpire in Arbitration with Clearwater Insurance

NEW YORK — Atlanta International Insurance Co. has asked a New York federal judge to appoint an umpire to oversee its reinsurance arbitration with Clearwater Insurance Co., asserting Clearwater has refused to proceed with the parties’ agreed-upon umpire selection process.

In a complaint filed May 24 in the U.S. District Court for the Southern District of New York, AIIC asserts that Clearwater has brought the arbitration process “to a complete halt,” warranting court intervention.

In October 1982, Clearwater’s predecessor, Skandia America Reinsurance Corp., issued AIIC a casualty facultative treaty under which Skandia agreed to reinsure commercial liability policies issued by …