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- Discovery in Reinsurance
- For those who believe that reinsurance arbitration is broken, the expense, delay, and demands of arbitral discovery offer strong support. On the other hand, discovery may be indispensable in those reinsurance arbitrations that raise complicated factual issues.1 Given that reinsurance agreements often say nothing about discovery, the parties and the...
- White papers 2005-01-12
Additional Resources
- A Practical Guide to Reinsurance Arbitration
- The United States reinsurance company market has been, as many experienced reinsurance executives predicted, consolidated down to less than thirty (30) reinsurance companies. This has led to more reinsurance disputes, and the need for additional reinsurance arbitration. Insurance company/reinsurance company professionals must continue to resolve their business disputes via arbitration;...
- White papers 2005-01-17
- Arbitration award in PRMC case threatened. (Pacific Reinsurance Management Corp.)
- Arbitration Award In PRMC Case Threatened An alleged personal relationship between an arbitration umpire and an attorney could call into question a $94.5 million arbitration decision in favor of Pacific Reinsurance Management Corp., the former reinsurance pooling subsidiary of the insolvent Mission Insurance Co....
- Research articles 1990-01-08
- Reinsurance arbitrations from start to finish: a practitioners' guide.
- The Federal Arbitration Act and the body of decisional law that has developed around reinsurance arbitrations can help practitioners determine whether arbitration is advisable and how the proceedings can be controlled. Among the issues supported by the decisional law are: time limits on arbitrator appointments, discovery and challenges to arbitration...
- Research articles 1996-04-01
- SUN LIFE BEGINS ARBITRATION TO VOID UNICOVER AGREEMENTS.
- TORONTO -- Sun Life Assurance Co. of Canada has begun arbitration proceedings to void agreements under which it reinsured members of three workers compensation reinsurance pools managed by Unicover Managers Inc. In announcing its arbitration deman TORONTO -- Sun Life Assurance Co. of...
- Research articles 1999-07-19
- Trenwick Commences Arbitration Against Swiss Re
- Business Editors Trenwick Group Ltd. ("Trenwick") today commenced an arbitration proceeding seeking $55,000,000 US in damages and other relief against European Reinsurance Company of Zurich, a subsidiary of Swiss Reinsurance Company. The claims arise out of European Re's failure to meet its obligations under a Catastrophe Equity Securities...
- Research articles 2002-07-01
- 2001 U.S. Reinsurance Review
- This article is on the reinsurance industry in America in 2001. Overshadowing all events this year was the September 11 attack on the World Trade Center, which resulted not only in the tragic loss of life, but enormous property damage, business interruption and casualty loss. As has been widely reported,...
- White papers
- Cadwalader Wickersham & Taft LLP: Sompo Japan Insurance Wins Billion Dollar Arbitration Award Against Fortress Re; One of the Largest Arbitration Awards Ever Rendered.
- NEW YORK, NEW YORK, Dec 29, 2003 CCNMatthews via COMTEX Cadwalader Wickersham & Taft LLP, attorneys for Sompo Japan Insurance Inc., announced today that it filed papers Friday, December 19 in the United States District Court for the Middle District of North Carolina to...
- Research articles 2003-12-29
- Can State Liquidators Be Compelled to Arbitrate Reinsurance Disputes?
- Binding arbitration clauses in reinsurance agreements are common and generally enforceable. Enforcing such clauses may be problematic, however, when state regulators are liquidating an insurance company. Enforcement depends on the state liquidation statute at issue. This article identifies factors that need to be considered when deciding whether a state liquidator...
- White papers 2005-05-16
- Court affirms carve-out reinsurance owed to Legion; Other cedents, reinsurers facing similar disputes.(Legion Insurance Co. wins lawsuit against John Hancock Life Insurance Co. over workers compensation)(Legal Beat)(Brief Article)(Statistical Data Include
- Byline: CAROLYN ALDRED PHILADELPHIA-Legion Insurance Co., now in rehabilitation, has won a major arbitration ruling against John Hancock Life Insurance Co. that will help secure millions of dollars for the defunct insurer. The Pennsylvania court Byline: CAROLYN ALDRED ...
- Research articles 2002-09-30
- XL management under fire as more problems emerge; Analysts raise questions following insurer's costly loss in arbitration.
- Byline: DAVE LENCKUS WINTERTHUR, Switzerland-An arbitration loss that forces XL Capital Ltd. to add $830 million to loss reserves is another in a string of surprising financial setbacks this year that has some securities analysts questioning the capability of the insurer's management. ...
- Research articles 2005-12-05
- SCOR : World Trade Center Compensation Settlement: SCOR Will Refer Its Reinsurance Contract With Allianz to Arbitration
- Agreements concerning the World Trade Center were signed on 23 May between Silverstein Properties and various insurers, including Allianz. SCOR is a reinsurer of Allianz Global Risks U.S. Insurance on this property & casualty insurance policy. SCOR considers that the Allianz settlement agreement does not respect the terms and...
- Research articles 2007-05-24
- The Phoenix Companies, Inc. Q2 2009 Earnings Call Transcript
- Question-and-Answer SessionOperator Operator Instructions. Our first question comes from Bob Glasspiegel, Langen McAlenney. Bob Glasspiegel - Langen McAlenney I was wondering if you guys can give me some more color on the discontinued reinsurance, specifically what happened on the arbitration, how many more arbitrations are outstanding? Any help on...
- Earnings calls 2009-08-04
- Everest Re Group Ltd Q1 2008 Earnings Call Transcript
- Question-and-Answer Session[Operator Instructions]. We will take the first question from Tom. Cholnoky from Goldman Sachs. Thomas V. Cholnoky - Goldman Sachs & Co Good morning, I have got three questions, if I can. Number one, just on the U.S. reinsurance business Craig you indicated, that you lost a large,...
- Earnings calls 2008-04-22
- Insurers try to stop ACE from combining asbestos arbitrations.
- Byline: DOUGLAS McLEOD PHILADELPHIA-London insurers are seeking to block units of ACE Ltd. from consolidating arbitration proceedings on dozens of asbestos claim-exposed reinsurance contracts dating back to the 1950s. ACE units last month filed 17 separate arbitration demands against Lloyd's of...
- Research articles 2005-06-20
- Annuity & Life Re and Transamerica Settle Dispute
- Annuity and Life Re Holdings, Ltd. (PINKSHEETS: ANNRF) today announced that it has resolved its disputes with Transamerica concerning the novation to Transamerica of the Company's reinsurance contracts with F&G and Scottish Re. The novations were effective December 31, 2004, and had been the subject of arbitration and other...
- Research articles 2008-02-27
- U.S. reinsurer ordered to pay damages of $1.12 bil. to Sompo.
- TOKYO, Dec. 24 Kyodo An arbitration panel in the United States has ordered U.S. reinsurance agent Fortress Re Inc. to pay Sompo Japan Insurance Inc. $1.12 billion (about 120 billion yen) in compensation for losses in connection with the Sept. 11, 2001 terror...
- Research articles 2003-12-29
- Business news in brief
- IN THE REGION Cigna says London ruling will cut profit $14 million Cigna Corp., the Philadelphia health-insurance provider, said 2005 net income would be reduced $14 million because a London arbitration panel ruled against the company in a dispute over a type of reinsurance arrangement. The after-tax expense...
- Research articles 2006-02-21
- Lloyd's, reinsurers settle on Central Fund; Deal reached on longtime dispute.(International)(Lloyd's of London )
- Byline: SARAH VEYSEY LONDON-Lloyd's of London announced last week that it had settled a long-running dispute with the former reinsurers of its Central Fund for u152 million ($292.7 million). Under the terms of the settlement, arbitration proceedings between Lloyd's and the...
- Research articles 2005-03-21
- Reinsurers may escape liability on Lloyd's Central Fund coverage.(International)(Lloyd's of London, SR International Business Insurance Company Ltd.)
- Byline: SARAH VEYSEY LONDON-Lloyd's of London correctly interpreted that the wording of a u500 million ($939.5 million) reinsurance policy for its Central Fund covered its liabilities, but problems with the "presentation of the risk'' may entitle the lead reinsurer to void the contract,...
- Research articles 2005-01-31
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