Conn. Federal Judge Dismisses $22.7 Million Arbitration Dispute




NEW HAVEN, Conn. — A Connecticut federal court has dismissed an action in which Hartford Fire Insurance Co. sought to compel an offshore reinsurer to arbitrate a dispute over $22.7 million in security for a series of workers’ compensation reinsurance agreements.

In the April 21 order, the U.S. District Court for the District of Connecticut explained that Hartford sought dismissal of the action without prejudice.

Hartford and Global Core Insurance SPC — an unauthorized reinsurer domiciled in the Cayman Islands — are parties to the reinsurance agreements. Under the agreements, Core provides reinsurance coverage to Hartford for the first $500,000 …






UPCOMING CONFERENCES




HarrisMartin’s Benzene and Toxic Tort Litigation Conference: Recent Developments and Future Trends

December 01, 2023 - Charleston, SC
The Charleston Place

MORE DETAILS



HarrisMartin's MDL Conference: Uber Litigation and Other Mass Tort Updates

September 27, 2023 - Lexington, KY
21c Museum Hotel Lexington

MORE DETAILS