Reinsurers to Appeal Denial of Arbitration on Common Cause Coverage Provision

NEW YORK — Certain London reinsurers are appealing a New York federal judge’s denial of their motion to compel a second arbitration on the issue of whether a Common Cause Coverage provision bars coverage for asbestos claims made after the reinsurance contract period.

In the July order, Judge Denise Cote of the U.S. District Court for the Southern District of New York held that the reinsurers’ motion constitutes an impermissible challenge to a previous award in which arbitrators ordered the reinsurers to pay Arrowood $45 million for the claims.

The reinsurers are appealing this decision to the 2nd Circuit …