Posts Tagged ‘KX Reinsurance Co.’

KX Reinsurance Company v. General Reinsurance Corp.: Arbitrators May Not Retain Jurisdiction After Deciding All Submitted Issues

June 28th, 2009 Association of Insurance and Reinsurance Run-Off Companies (AIRROC), Authority of Arbitrators, Awards, Functus Officio, Grounds for Vacatur, Practice and Procedure, Reinsurance Arbitration, United States District Court for the Southern District of New York 1 Comment »

 Arbitration clauses in reinsurance contracts  typically recognize either expressly or impliedly that an arbitration proceeding has a beginning and an end.   The process usually begins with a demand for arbitration and the selection of an arbitration panel, and ends with the arbitrators holding a hearing on the merits and issuing a final award.  At that point the parties generally expect that the arbitrators will step down, and that any future dispute will be the subject of a new arbitration proceeding, perhaps with a different panel. Continue Reading »