Reinsurance Participation Agreement Is Not ‘Insurance Contract,’ Reinsurer Argues

Mealey's (July 11, 2018, 8:29 AM EDT) -- RICHMOND, Va. — A reinsurer on May 7 asked the Fourth Circuit U.S. Court of Appeals to grant its renewed motion to compel arbitration, arguing that a lower federal court improperly denied the motion after finding that the reinsurance participation agreement (RPA) was an insurance contract pursuant to Virginia Code Section 38.2-312 (Minnieland Private Day School v. Applied Underwriters Captive Risk Assurance Company Inc., 17-2385, 4th Cir.)....