April 22, 2022
The D.C. Circuit upheld a lower court's ruling Friday that a group of reinsurers doesn't have to cover a financial consulting firm for a more than $22 million arbitration award, saying there was no express contract between the sides.
January 31, 2022
A panel of D.C. Circuit judges seemed unconvinced Monday that a group of reinsurers had a binding contract that makes them ultimately responsible for covering a financial consulting firm's $22 million arbitration loss.
October 18, 2021
A group of reinsurance units of Hannover Re, AXA XL and Liberty Mutual urged the D.C. Circuit to reject a financial consulting company's coverage bid for a $22 million arbitration award, saying the lower court correctly held that the company was not their policyholder.
September 07, 2021
Vantage Commodities Financial Services I LLC has asked the D.C. Circuit to reverse a lower court's dismissal of its coverage suit against six reinsurers and broker Willis Ltd., saying the reinsurers must pay for a more than $22 million arbitration award that the finance company won against its insurer.