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RECIPIENT OF ARBITRATION AWARD IN REINSURANCE DISPUTE PERMITTED DISCOVERY OF FUNDS WITHHELD ACCOUNT
  • Carlton Fields
  • USA
  • December 8 2016

Plaintiffs secured an interim arbitration award in the amount of $7.8 million, plus interest, in what the court described as a complex


Reinsurance arbitration award stands in face of challenges to rationality and impartiality of decision
  • Carlton Fields
  • USA
  • December 6 2016

Yosemite Insurance Co. (“Yosemite”) lost its challenge to an arbitration award that found Nationwide Mutual Insurance Co. (“Nationwide”) was not


Spotlight on Financial Institutions Arbitration: Taking Stock, and a Step Forward
  • Freshfields Bruckhaus Deringer LLP
  • Global
  • December 5 2016

As the Report notes, recent developments in arbitration bolster its suitability for the financial


Arbitration clause in body of reinsurance agreement governs over provision in endorsement
  • Carlton Fields
  • USA
  • December 5 2016

In a dispute between First Mutual, a ceding company, and its reinsurer, Infrassure, over which of two competing arbitration clauses in a reinsurance


New York Federal Court Denies Motion to Vacate Award in Favor of Reinsurer
  • Squire Patton Boggs
  • USA
  • December 1 2016

In 2013, the insured state, liable for remediation costs arising out of pollution, settled with the cedent. Decades earlier, the cedent had entered


New York Federal Court Grants Motion to Compel Arbitration But Stays Arbitration
  • Squire Patton Boggs
  • USA
  • December 1 2016

In a non-reinsurance case, a New York bankruptcy court granted excess insurers’ motion to compel arbitration, but stayed the arbitration until the


New York Federal Court Denies Managing Underwriter’s Motion to Dismiss Petition Seeking Turnover of Funds to Enforce Judgment Confirmed After Arbitration Award Against Affiliated Reinsurers
  • Squire Patton Boggs
  • USA
  • December 1 2016

We have previously reported on earlier decisions in related actions concerning the dispute between a retrocedent and affiliated retrocessional and


Third Circuit Court of Appeals Overturns District Court and Compels Arbitration Under a Reinsurance Participation Agreement
  • Squire Patton Boggs
  • USA
  • December 1 2016

The Third Circuit Court of Appeals reversed a district court’s order denying a reinsurer’s motion to compel arbitration of a dispute under a


California Federal Court Compels Arbitration in a Dispute Over Reinsurance Participation Agreements
  • Squire Patton Boggs
  • USA
  • December 1 2016

A California federal court granted a motion to compel arbitration of a dispute under two reinsurance participation agreements providing Workers’


Second Circuit Affirms Order Declaring Arbitration Clause in Body of Certificate Controlling Over Endorsement
  • Squire Patton Boggs
  • USA
  • December 1 2016

Infrassure, Ltd. v. First Mut. Transp. Assur. Co., No. 16-306, 2016 U.S. App. LEXIS 20529 (2d Cir. Nov. 16, 2016). The US Court of Appeals for the