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US insurers seek to enforce arbitration award against int’l reinsurers

Two US based insurers have filed a petition to confirm an arbitration award against reinsurers domiciled or based in Bermuda, France, Germany, Switzerland, the United Kingdom and the USA.The petition was filed by Clearwater Insurance Company, formerly known as Skandia

Bermuda Fire & Marine sues to enforce arbitration award

Bermuda-based companies are among 14 insurers who have filed a petition to enforce arbitration awards totaling $1.2 million against two New York-based firms.The action concerns unpaid reinsurance claims from the failed United Kingdom-based underwriting pool known as H. S. Weavers (Underwriting) Agencies Limited, which stopped underwriting in 1990.