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In a news release issued by the State of New Jersey Department of Banking and Insurance (“DOBI”) on May 7, 2010 (the “News Release”), DOBI Commissioner Tom Considine applauded two pieces of proposed legislation which, he said, “would make some common sense changes to regulation and allow captive insurers, and carriers of reinsurance and surplus lines to operate more expansively in New Jersey.” 

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Read More New Jersey Insurance Commissioner Praises Captive Insurance Bill and Unveils Reinsurance and Surplus Lines Initiative

Petitioners (“Stolt-Nielsen”) entered into a contract with respondent AnimalFeeds International Corporation that contained an arbitration clause.  After a dispute arose between the parties, AnimalFeeds sought arbitration on behalf of itself and a class of customers who had purchased services from Stolt-Nielsen. …
Read More U.S. Supreme Court Rules on Class Arbitration, Addresses Manifest Disregard of the Law

More than 40 mediators, attorneys and company representatives have registered for Re/Insurance Mediation Institute’s (ReMedi) Inaugural Mediation Conference.  You can earn 4.5 hours of CLE for $100 if you join them for ReMedi’s Spring Conference, Insurance and Reinsurance Mediation in the 21st Century, on Wednesday, May 12 at Edwards Angell Palmer & Dodge’s New York office. 

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Read More Last Call: Join More than 40 Reinsurance Professionals at ReMedi’s Mediation Conference in NYC on May 12

Scandinavian Reinsurance Company Limited (“Scandinavian Re”) and St. Paul Fire & Marine Insurance Company, St. Paul Reinsurance Company, Ltd. and St. Paul Re (Bermuda) Ltd. (collectively “St. Paul”) entered into a retrocessional agreement under which St. Paul ceded a portion of its casualty reinsurance portfolio to Scandinavian Re. …
Read More New York Federal Court Vacates Arbitration Award Based on Evident Partiality

Employers Reinsurance Company, now known as Westport Insurance Corporation (“Westport”), provided reinsurance coverage for insurance policies issued by Connecticut Specialty Insurance Company (the “Reinsurance Agreement”).  Royal Surplus Lines Insurance Company, later known as Arrowood Surplus Lines Insurance Company (“Arrowood”), entered into an agreement by which it assumed Connecticut Specialty’s liabilities under certain policies, including a general liability policy issued to Equity Residential (the “Policy”).
Read More Connecticut Federal Court Finds that Reinsurer Does Not Have to Follow Cedent’s Fortunes

Join the U.S. Reinsurance Under 40s Group on April 1 for “Preserving Liquid Assets” Lecture and Wine Tasting at the offices of Edwards Angell Palmer & Dodge in New York.  The event will include an engaging lecture by Katja Zigerlig, AVP, Fine Art, Wine & Jewelry Insurance of Chartis Private Client Group, and a tasting of Spanish red wines. …
Read More RESCHEDULED: Re Under 40s Next Event — “Preserving Liquid Assets” Lecture and Wine Tasting Now on April 1