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$19.4 m award against PartnerRe

An arbitration panel has ordered PartnerRe to pay $19.4 million to Diamond State Insurance Company in a dispute over reinsurance coverage for weather derivative contracts.Details of the award were announced on November 29, 2004 by Diamond State's Cayman Islands domiciled

Weather coverage litigation settled in New York

A lawsuit involving Bank of America, Platinum Indemnity Ltd., Diamond State Insurance Company and PartnerRe has been concluded. How it was settled, however, is not public knowledge since several documents concerning the case were filed under seal at the U. S. District Court for the Southern District of New York.

PartnerRe dragged into weather-related insurance dispute

PartnerRe's United States based operation has been dragged into litigation over who is responsible for paying $29 million of losses relating to weather derivative contracts covering 'special events'. PartnerRe was named as a third party defendant in a complaint filed