Transamerica wins second ‘spiral’ arbitration

California-based Transamerica Occidental Life Insurance Co. has won a second arbitration over its refusal to pay multi-million dollar reinsurance claims on coverage brokered by Stirling Cooke Brown Holdings.
The losing party was Alan R. Bird, on his own behalf and representing all members of Lloyd’s Syndicate 103 for the 1993/94 years of account.