Insurer Appeals Order Requiring Sandy Reinsurance Arbitration to Take Place in N.Y.

NEW YORK — First Mutual Transportation Co. (FMTAC) is appealing a New York federal judge’s ruling that a reinsurance dispute involving an underlying Superstorm Sandy property damage claim must be arbitrated in New York rather than London.

FMTAC filed a notice of appeal in the 2nd Circuit U.S. Court of Appeals on Feb. 1. The insurer is challenging the U.S. District Court for the Southern District of New York’s holding that Swiss reinsurer Infrassure Ltd. is not bound by an endorsement requiring arbitration in London because it applies to only reinsurers headquartered in the United Kingdom or Bermuda.

Metropolitan Transportation …