Abstract
Fair, efficient and reliable dispute resolution procedures are vital to protect the rights and clarify the duties of parties arising under reinsurance contracts. Reinsurance dispute resolution practices, and especially arbitration, enable parties to enforce their rights under reinsurance contracts. Party autonomy allows parties to make certain decisions relating to the conduct of the reinsurance arbitration. Hence parties may choose the rules to govern their arbitration proceedings. Also, courts will enforce the parties’ agreements with respect to arbitrator selection, and arbitration award enforcement.
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Notes
- 1.
HIH Casualty and General Insurance Ltd v New Hampshire Insurance Co [2001] 2 Lloyd’s Rep 161.
- 2.
Thomas and Lyons (2012), Abstract, 72-2.
- 3.
Thomas and Lyons (2012), Abstract, 77-2.
- 4.
Thomas and Lyons (2012), Abstract, 77-4.
- 5.
Thomas and Lyons (2012), Abstract, 77-4.
- 6.
Thomas and Lyons (2012), Abstract, 77-5.
- 7.
Thomas and Lyons (2012), Abstract, 77-5.
- 8.
Thomas and Lyons (2012), Abstracts, 77-5, 77-6.
- 9.
Michigan Mutual Insurance Company and Others v Unigard Security Insurance Company, 44 F.3d 826 (9th Cir. 1995).
- 10.
Excess Insurance Company v Mander [1995] L.R.L.R. 385.
- 11.
McDonnell Douglas Finance Corp. v Pennsylvania Power & Light Co., 858 E2d 825,832 (2d Cir. 1988). Associated Brich Mason Contractors of Greater N.Y, Inc. v Harrington, 820 F.2d 31,35 (2d Cir. 1987). Prudential Lines, Inc. v Exxon Corp., Associated Indemnity Corp. v Home Insurance Co., 19 F.3d 1432 (6th Cir. 1994)704 F.2d 59, 64 (2d Cir. 1983); Ostrager and Vyskocil (1996), §§ 14-01, 14-6, 14-7.
- 12.
Prima Paint Corp. v Flood & Conklin Manufacturing Co., 388 U.S. 395.
- 13.
Hartford Accident and Indemnity Co. v Swiss Reinsurance : Security Life Insurance Co. of America v Hannover Life Reinsurance Co. of America, 2001 WL 392412 (D. Minn.).
- 14.
Compania Espanola de Petroleos S.A. v Nereus Shipping S.A., 527 F2d 966 (2d Cir. 1975).
- 15.
Wyerhaeuser Co v Western Seas Shipping Co 743 F.2d 635 (9th Cir. 1984).
- 16.
Howsam v Dean Witer Reynolds Inc.537 US 79 (2002).
- 17.
Green Tree Financial Corp v Bazzle 539 US 444 (2003).
- 18.
As shown in the Michigan Mutual Insurance Co. and Others v Unigard Security Insurance Co., 44 F.3d 826 (9th Cir. 1995) ruling.
References
Ostrager BR, Vyskocil MC (1996) Modern reinsurance law and practice. Glasser Legal Works, Lexis Nexis, Little Falls
Thomas JE, Lyons S (eds) (2012) New Appleman on insurance law – library edition, vol 7, Property insurance (chapters 71–79 §§ 71.01–79.06). Lexis Nexis, Los Angeles
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Noussia, K. (2013). Discussion. In: Reinsurance Arbitrations. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-45146-1_7
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