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Reinsurer Says Foreign Insurer’s Attempt To Vacate Arbitration Awards Must Fail

Mealey's (September 2, 2015, 10:25 AM EDT) -- NEW YORK — A reinsurer told a federal court in New York on Aug. 31 that a foreign reinsured’s arguments claiming the evident partiality of an arbitration umpire are groundless (National Indemnity Company v. IRB Brasil Resseguros S.A., No. 15-cv-03975, S.D. N.Y.).

(Reply available. Document #12-150904-011B.)

National Indemnity Co. (NICO) sued IRB Brasil Resseguros S.A., an insurer existing under Brazilian law with a principal place of business in Rio de Janeiro, Brazil. NICO opened a number of actions against IRB between February and May 2015 in...
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