Web site of the UK regulatory body, the Financial Services Authority (FSA)a>.
Arbitration / Court Decisions
Court compels arbitration of disputes with respect to two excess of loss reinsurance agreements covering medical malpractice liability insurance. The court interpreted an exception to the arbitration provision to be limited to disputes over the validity or formation of the reinsurance agreements. Medical Insurance Exchange of California v. Certain Underwriters at Lloyds, London, 2006 WL 463531 (N.D. Cal. Feb., 24, 2006) (slip opinion).
United States Court of Appeals for the Seventh Circuit reversed the dismissal of a suit against a Barbados-domiciled reinsurer for lack of personal jurisdcition, finding that since the Plaintiff had made a prima facie case for general personal jurisdiction it was entitled to take discovery on jurisdictional issues. Central States, Southeast and Southwest Areas Pension Fund v. Phencorp Reinsurance Company, Inc., – F.3d -, 2006 WL 590370 (7th Cir. Mar. 13, 2006) (slip opinion).