Insurers Ask Court To Confirm $7.8 Million Reinsurance Arbitration Award

Mealey's (September 25, 2015, 11:30 AM EDT) -- NEW YORK — Two insurers asked a federal court in New York on Sept. 22 to confirm an arbitration award in which a reinsurer is ordered to pay almost $8 million (AmTrust North America, Inc., et al. v. Pacific Re, Inc., et al., No. 15-cv-07505, S.D. N.Y.).

(Petition to confirm arbitration award available. Document #12-151002-007X.)

AmTrust North America Inc. and Technology Insurance Company Inc. (TIC) sued Pacific Re Inc. and Pac Re 5-AT (Pac) in the U.S. District Court for the Southern District of New York,...
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