Reinsurer Argues Against Ruling On $18M Arbitration Award To 2nd Circuit

Mealey's (March 8, 2018, 8:31 AM EST) -- NEW YORK — Appealing a decision requiring a reinsurer to pay up to an additional $18 million in reinsurance proceeds to an insurer pursuant to an arbitration award, the reinsurer argues in a Feb. 28 reply brief to the Second Circuit U.S. Court of Appeals that a trial judge “has made arbitration a less attractive option because there is no guarantee of finality” (General Re Life Corp. v. Lincoln National Life Insurance Co., No. 17-2496, 2nd Cir.)....