Special Deputy Receiver Opposes Arbitration In $1M Reinsurance Dispute
Mealey's (September 13, 2017, 7:14 AM EDT) -- AUSTIN, Texas — A special deputy receiver in a Sept. 5 filing in a Texas federal court opposes a New Zealand reinsurer’s motion to transfer or stay a $1 million claim under a reinsurance agreement pending arbitration because the forum-selection clause and arbitration provision do not apply (Gramercy Insurance Co. v. Contractor’s Bonding Ltd., No. 17-723, W.D. Texas).
(Plaintiff’s opposition available. Document #12-170915-016B.)
On June 22, 2017, Gramercy Insurance Co. sued Contractor’s Bonding Ltd., now known as CBL Insurance Ltd., in the Travis County, Texas, 345th...