Century Indem. Co. v. Certain Underwriters at Lloyd's, London, No. 08-2924
District court's orders granting defendant-Lloyd's motion to compel arbitration of a disputed claim based on a set of reinsurance-of-reinsurance agreements and denying plaintiff-Century's motion to vacate an arbitration panel's subsequent award in favor of Lloyd's is affirmed where: 1) district court properly compelled arbitration of the dispute arising from the retrocessional agreements over Lloyd's failure to pay declaratory judgment expenses that Century had paid to its reinsured under reinsurance treaties; and 2) the district court properly denied Century's motion to vacate the arbitration award under 9. U.S.C. section 10(a)(3) as the arbitrators' decision to exclude evidence plaintiff proffered based on the evidence's irrelevance was well within their authority in conducting the arbitration.
On Appeal from the United States District Court for the Eastern District of Pennsylvania
(D.C. Civ. No. 05-cv-6004)
District Judge: Honorable Legrome D. Davis
Opinion Filed October 15, 2009
Opinion by Greenberg, Circuit Judge
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