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English High Court examines the interaction between an English arbitration clause and a US service of suit clause

Edwards Wildman Palmer LLP
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United Kingdom, USA
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August 13 2008

The recent judgment in Ace Capital Ltd v CMS Energy Corp 2008 EWHC 1843 (Comm) has provided welcome clarification on the effect of a US service of suit clause in a policy that contains an English arbitration provision

Reinsurance arbitration predominates

Edwards Wildman Palmer LLP
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United Kingdom, USA
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February 21 2008

From time to time, we are asked about the prevalence of arbitration over litigation as a forum for resolving reinsurance disputes

British insurer seeks to confirm arbitration award against former Tyco CEO

Edwards Wildman Palmer LLP
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United Kingdom, USA
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November 14 2007

Recently, Corporate Officers & Directors of Assurance Ltd. (“CODA”), a U.K. insurer that issued a directors and officers policy to Tyco International Ltd., petitioned a New York state court to confirm an arbitration award directing Tyco’s former CEO, L. Dennis Kozlowski, to pay CODA about $2 million

Complying with corruption and bribery laws

Edwards Wildman Palmer LLP
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United Kingdom, USA
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March 9 2009

Investigating and punishing companies for paying bribes to win public business is an increasing priority of law enforcement agencies around the world

Governor Charlie Crist and Florida Insurance Commissioner Kevin McCarty meet with Lloyd’s of London

Edwards Wildman Palmer LLP
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United Kingdom, USA
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July 24 2008

Governor Charlie Crist, Florida Insurance Commissioner Kevin McCarty, and Florida House Speaker Designate Ray Sansom were in London on July 15th to discuss state insurance issues

GLOBAL General & Reinsurance Company Ltd seeks US court assistance in aid of last of four UK runoff schemes

Edwards Wildman Palmer LLP
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United Kingdom, USA
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February 1 2011

The administrator who is running off the business of English (re)insurer GLOBAL General & Reinsurance Company Ltd filed a petition under Chapter 15 of the United States Bankruptcy Code with the federal bankruptcy court in Manhattan yesterday

The New York State Insurance Department enters cooperation agreement with the insurance regulator in the United Kingdom

Edwards Wildman Palmer LLP
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United Kingdom, USA
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October 21 2008

Last week, the head of the New York State Insurance Department (“NYSID”), Superintendent Eric Dinallo, announced the signing of a memorandum of understanding (“MoU”) with Hector Sants, Chief Executive Officer of the Financial Services Authority (“FSA”) in the UK

High Court allows service out of jurisdiction for declaratory judgment

Edwards Wildman Palmer LLP
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United Kingdom, USA
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November 30 2011

In the case of Faraday Reinsurance Co Ltd v (1) Howden North America Inc (2) Howden Buffalo Inc 2011 EWHC 2837 (Comm), Howden sought to set aside an order allowing Faraday to serve it with proceedings out of the jurisdiction

Swept away

Edwards Wildman Palmer LLP
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United Kingdom, USA
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September 7 2011

Contingent business interruption (CBI) insurance, which provides coverage for a company’s financial loss caused by damage to its suppliers’ property, will therefore play a central role among UK and US companies seeking to recoup losses arising from the Japan disaster

ACE and others to serve proceedings on Howden out of jurisdiction

Edwards Wildman Palmer LLP
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United Kingdom, USA
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October 23 2012

In Ace European Ltd & 5 ors v (1) Howden Group (2) Howden North America Inc (formerly Howden Buffalo Inc) 2012 EWHC 2427 (Comm), Mr Justice Field upheld his prior order granting permission to the claimant insurers (the Claimants), to serve proceedings seeking declaratory relief, out of the jurisdiction