Cedent Drops Suit Seeking Appointment of Umpire to Oversee Arbitration with Clearwater

NEW YORK — Atlanta International Insurance Co. has voluntarily dismissed its complaint seeking appointment of an umpire to oversee its reinsurance arbitration with Clearwater Insurance Co.

On July 12, AIIC filed a notice of voluntary dismissal in the U.S. District Court for the Southern District of New York.

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 AIIC. One of these policies was issued to Brauer Supply Co.

According to the complaint, AIIC paid certain claims under the Brauer Supply policy and …