Reinsurance Review - December 2010

Reinsurance Review - December 2010

December 1, 2010

In this month’s edition:

  • Third Circuit Determined That Arbitrators Exceeded Authority by Rewriting Parties Contract and Vacated Award
  • District Court Dismisses Two of Three Claims Involving Unpaid Brokerage Commission
  • Insurer Settles Complex Reinsurance Dispute
  • Texas Court Concludes Territorial Restrictions in Agency Agreement Unambiguous and Thus Breach Was Actionable
  • State Court Determined that Insolvency Fund is Not Responsible for Reinsurance Claim
  • Reinsurance Dispute Between a Swiss Reinsurer and a Bermudian Insurer Permitted to Proceed in the Courts of England under the Lugano Convention Where the Policy Was Issued in the London Markets and An Action Was Pending Against Another Participating Reinsurer