Judge: Reinsurance Arbitration Must Be Held In New York, Not London
(January 29, 2016, 7:22 AM EST) -- NEW YORK — A federal judge in New York on Jan. 22 declared that a dispute between a Swiss reinsurance company and a captive insurer is governed by an arbitration clause that specifies New York as the location for arbitration of disputes between the parties (Infrassure, Ltd. v. First Mutual Transportation Assurance Company, Inc., No. 15-cv-8230, S.D. N.Y.).
(Order available. Document #12-160205-004R.)
Infrassure Ltd., a Swiss reinsurance company, sued First Mutual Transportation Assurance Co. Inc. (FMTAC) on Oct. 19, 2015, in the U.S. District Court for...