Insurers Say Reinsurer Is Liable For $7.8 Million Arbitration Award

(November 11, 2015, 7:11 AM EST) -- NEW YORK — A pair of affiliated insurers told a federal court in New York on Oct. 23 that their reinsurer is barred from relitigating the question of its liability to pay an arbitration award (AmTrust North America, Inc., et al. v. Pacific Re, Inc., et al., No. 15-cv-07505, S.D. N.Y.).

(Reply available. Document #12-151113-022B.)

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