MOTION TO COMPEL REINSURANCE ARBITRATION GRANTED, THEN WITHDRAWN
A federal district granted a motion to compel arbitration between parties to a reinsurance treaty, which motion was subsequently withdrawn by the moving party, Century Indemnity. In its January 8, 2010 motion, Century contended that AXA Belgium was “patently refusing to move forward with the selection of an umpire, with no legitimate basis to do so,” thereby precluding Century “from proceeding with the contractually-agreed method of dispute resolution.” Century asked the court to order arbitration with a panel of the parties’ respective candidates and an umpire selected by the court from a slate of candidates proposed by Century’s candidate. The motion to compel arbitration was granted in a one-page order dated February 2, 2010. On March 11, 2010, however, Century filed a notice of withdrawal of the motion. Century Indemnity Co. v. Royal Belge Incendie Reassurance S.A., No. 10-MC-2 (USDC E.D. Pa. Feb. 2, 2010).
This post written by Brian Perryman.
