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Jurisdictions

$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

Fronting insurer sues over Platinum Indemnity rent-a-captive program

The Rehabilitator of a United States based insurer has filed a multi million dollar complaint against a food service firm whose rent a captive program it fronted into Bermuda based Platinum Indemnity.Plaintiff is Gregory V. Serio, New York State's Superintendent

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