Insurer:  Reinsurer’s Agent Is Not Allowed To Invoke Arbitration For Fraud Case

Mealey's (April 20, 2020, 11:58 AM EDT) -- BOSTON — A managing general underwriter for a reinsurer should not be allowed to arbitrate a lawsuit over the binding of a medical stop loss excess reinsurance contract because there are no “exceptional circumstances” to invoke the contract’s arbitration clause for the agent nonsignatory, a Cayman Islands captive insurer says in an April 16 brief in Massachusetts federal court (Wellforce Indemnity Company Ltd. v. StarLine USA, LLC, No. 20-10173, D. Mass.)....