Insurer Moves to Compel Arbitration of Trust Agreement Dispute with Universal Life



DOCUMENTS
  • Motion


NEW YORK — A Puerto Rican insurer has asked a New York federal court to compel arbitration of its dispute with a Bermuda-based reinsurer, arguing that the parties’ reinsurance agreement requires arbitration of “all disputes” relating to the agreement.

In an April 21 motion filed in the U.S. District Court for the Southern District of New York, PB Life and Annuity Company Ltd. (PBLA) argues that the arbitration clause encompasses the parties’ disagreement as to whether Universal Life Insurance Co. (ULICO) breached a related reinsurance trust agreement.

PBLA, a reinsurer domiciled in Bermuda, entered into a Coinsurance Reinsurance Agreement with …

FIRM NAMES
  • Clyde & Co.
  • Condon Tobin Sladek Thornton
  • Diamond McCarthy





UPCOMING CONFERENCES




HarrisMartin's Webinar Series: Elmiron Eye Damage Litigation

October 28, 2020 - Haddonfield, NJ
HarrisMartin Webinar Series

MORE DETAILS