Paul Dassenko

Scandinavian Re accuses arbitrators of misconduct after losing $290 m decision

February 24, 2010

Scandinavian Re has accused two arbitrators of bias and "lying" or "misleading" after they ruled against the Bermuda based finite risk reinsurer in a $290 million dispute with The St. Paul Companies.Allegations of misconduct against Connecticut based arbitrators Paul Dassenko

Judge voids ‘irrational’ $6 m arbitration award for Platinum Underwriters

November 2, 2009

Describing it as "completely irrational", a federal judge in Philadelphia has vacated a $6 million arbitration award in favor of Platinum Underwriters Bermuda Ltd.In a ruling on September 15, 2009, U. S. District Judge Paul S. Diamond granted a motion

PMA group seeks to vacate $6 m arbitration award in favor of Platinum Underwriters

June 25, 2009

The PMA insurance group has filed a petition at federal court in Philadelphia to vacate a $6 million arbitration award issued in favor of Platinum Underwriters Bermuda Ltd. on May 22, 2009.The petition was filed by PMA Capital Insurance Company,

US federal judge throws out arbitration award against Scandinavian Re

April 18, 2009

A federal judge in Manhattan has thrown out an arbitration award that was made last year against Bermuda based Scandinavian Re in favor of The St. Paul Companies regarding a $290 million finite risk dispute.In a ruling on February 23,

Japanese insurer awarded $1 b against Fortress Re

December 31, 2003

An arbitration panel sitting in New York has awarded more than $1 billion against failed aviation reinsurance pool manager Fortress Re Inc., of North Carolina. In a decision issued on December 16, 2003, the panel found that Fortress Re and its principals, Maurice Sabbah and Kenneth Kornfeld perpetrated a massive fraud against Sompo Japan Insurance Inc.