Ronald Wobbeking

Bemuda-domiciled Everest Reinsurance Company has been accused by a judge of having "a severe case of sour grapes" by seeking to vacate an $11.63 million arbitration award. The comment was made by Judge Samuel B. Kent in a ruling dated January 11, 2002 in which he confirmed an arbitration award in favor of American National Insurance Co.

Everest Reinsurance Company, whose parent company is domiciled in Bermuda, is being sued in Texas by an insurer seeking to enforce an arbitration award.American National Insurance Company filed the lawsuit at the United States District Court for the Southern District of Texas on December 7, 2001.