Judge Stays Enforcement Of Confirmation Of Arbitration Awards

(May 20, 2016, 1:03 PM EDT) -- NEW YORK — A federal judge in New York on May 17 granted a Brazilian insurer’s motion to stay enforcement of the confirmation of a number of reinsurance arbitration awards while the confirmations are pending appeal (National Indemnity Company v. IRB Brasil Resseguros S.A., No. 15-cv-03975, S.D. N.Y.).

(Memo endorsement available. Document #12-160603-004X.)

National Indemnity Co. (NICO) sued IRB Brasil Resseguros S.A., a Brazilian insurer, in a number of suits filed between February and May 2015, in the U.S. District Court for the Southern District of...
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