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LLR: Insurance & Reinsurance

PACIFIC REINSURANCE MANAGEMENT CORPORATION MISSION INSURANCE COMPANY V OHIO REINSURANCE CORPORATION WALTON INSURANCE LTD ABEILLE-PAIX REASSURANCES HAMBURG INTERNATIONAL REINSURANCE COMPANY HASSNEH INSURANCE COMPANY OF ISRAEL LTD SEGUROS AMERICA SA

(1991) 1 Re LR 171

United States Court of Appeals (Ninth Circuit)

Before Circuit Judge Alarcon, Circuit Judge Norris and Circuit Judge Wiggins.

Pool - Management - Damages - Reinsurance pool managers sued by members of pool for alleged fraud and wrongful conduct - Arbitration ordered by US court - Escrow account set up by Pacific Re v Ohio Re US CA 172 arbitrators - Whether pool members entitled to declaration that retention of outside counsel was breach of authority by arbitrators.

Arbitration - Arbitrators’ authority - Retention of outside counsel - Interim final order establishing escrow account - Whether breach of authority - Whether manifest disregard of law or fact.

Arbitration - Jurisdiction - Member of reinsurance pool not consenting to arbitration - Whether member outside arbitrators’ jurisdiction.

Practice and procedure - Appeal - Order by district court that supersedeas bond be lodged for $20 million amount of escrow order pending appeal - Whether order improper and excessive.

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