7/25/2008 9:15:36 AM EST
Responding to a reinsurer’s cross-motion to confirm an arbitration award, a reinsured party to certain retrocessional reinsurance contracts agreed with the request for confirmation but noted that it does not waive its right to ha ... Create an account or login to post comments. | Comments (0)
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7/9/2008 12:50:36 PM EST
An organization representing members of a workers’ compensation reinsurance pool recently moved to dismiss fraud and accounting counterclaims made directly against it, noting that it is not a proper party but that it had merely f ... Create an account or login to post comments. | Comments (0)
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1/25/2008 11:59:46 AM EST If you've ever felt lost in the world of reinsurance terms and jargon, well, you are not alone - a panel of federal circuit judges recently admitted how difficult it can be to translate "reinsurance-ese" language. Create an account or login to post comments. | Comments (0)
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12/21/2007 12:38:48 PM EST Posted by Marcy KowalchukEditor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency Across the pond, the English Court of Appeal affirmed that only English courts may review an arbitration award rendered in London. Create an account or login to post comments. | Comments (0)
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12/21/2007 12:26:10 PM EST Posted by Marcy KowalchukEditor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency Ramona Tire Inc. is accused of intentionally underfunding a captive reinsurer, leaving a financially-strapped insurer with $360,000 in unpaid workers' compensation claims. Create an account or login to post comments. | Comments (0)
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12/7/2007 12:17:38 PM EST Posted by Marcy KowalchukEditor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency In news from across the pond, the English Court of Appeals recently ruled that a reinsurer is off the hook for contribution toward the settlement of a securities class action. The reason? The cedent, according to the court, did not&nbs ... Create an account or login to post comments. | Comments (0)
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11/7/2007 5:01:34 PM EST Posted by Marcy KowalchukEditor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency LONDON — In a case involving enforcement of an $88.3 million arbitration award rendered in favor of a Monaco reinsurer, an English appellate majority ruled Oct. 17 that the assignee of the award should not be forced to post security for costs inc ... Create an account or login to post comments. | Comments (0)
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11/7/2007 4:50:41 PM EST Posted by Marcy KowalchukEditor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency STAMFORD, Conn. — A Connecticut state judge ruled Oct. 17 that several former General Re Corp. executives misappropriated trade secrets after they defected to rival Arch Capital Group (General Reinsurance Corporation v. Arch Capital Group, LTD ... Create an account or login to post comments. | Comments (0)
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11/7/2007 4:33:18 PM EST Posted by Marcy KowalchukEditor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency LONDON — In a case where a Korean insurer seeks enforcement of a $62.5 million judgment against a group of international reinsurers, an English appeals court on Oct. 30 affirmed rejection of the reinsurers’ defense that the dispute had been ... Create an account or login to post comments. | Comments (0)
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8/27/2007 2:07:11 PM EST Eric Dinallo, New York's Superintendent of Insurance, has sued OneBeacon Insurance Co. in an attempt to obtain more than $2 million in reinsurance proceeds allegedly owed to the estate of Midland Insurance Co. for insurance claims paid by Mid ... Create an account or login to post comments. | Comments (0)
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10/5/2007 12:19:11 PM EST Posted by Marcy KowalchukEditor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency SEATTLE — A Washington judge held Sept. 19 that where a primary policy does not cover the $250,000 in costs to repair a cracking and failing bridge, a reinsurer is not liable for sums paid by the primary insurer ( The City of Renton v. Lexingto ... Create an account or login to post comments. | Comments (0)
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10/5/2007 12:08:10 PM EST Posted by Marcy KowalchukEditor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency NEW YORK — In a case in which American International Group (AIG) is accusing the Robert Plan Corp. (TRP) and its top executives of diverting funds, a New York state justice on Sept. 26 allowed AIG to amend its complaint to name Lincoln General In ... Create an account or login to post comments. | Comments (0)
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10/5/2007 12:03:39 PM EST Posted by Marcy KowalchukEditor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency NEW YORK — A New York federal judge on Sept. 20 ruled that the former shareholders of Lion Holding Inc. are not entitled to a return of escrow funds that secured their obligation to indemnify a German reinsurer for claims arising from a per ... Create an account or login to post comments. | Comments (0)
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