N.Y. Federal Judge Says Reinsurer Must Be Allowed To Choose Its Own Arbitrator

NEW YORK - Finding that not giving a reinsurer its choice of its party-appointed arbitrator would deprive the reinsurer of a basic expectation in entering an arbitration agreement, a federal judge in New York on Nov. 29 denied a Brazilian reinsurer's motion regarding arbitrator selection (IRB-Brasil Resseguros S.A. v. National Indemnity Co., No. 11-1965, S.D. N.Y.; 2011 U.S. Dist. LEXIS 136640; See October 2011, Page 14). Full story on lexis.com