Federal Judge Confirms $337,034 Reinsurance Arbitration Award

Mealey's (January 4, 2019, 9:58 AM EST) -- NEW YORK — Pursuant to a retrocessional contract that covered ceded asbestos and pollution losses, a New York federal judge on Jan. 2 confirmed Continental Insurance Co.’s petition for an arbitration award requiring AXA Versicherung AG to pay $337,034, plus interest (Continental Insurance Co. v. AXA Versicherung AG, No. 18-7349, S.D. N.Y., 2019 U.S. Dist. LEXIS 583)....