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PACIFIC REINSURANCE MANAGEMENT CORP. v. FABE

Nos. 90-2102, 90-2233.

929 F.2d 1215 (1991)

PACIFIC REINSURANCE MANAGEMENT CORPORATION, Petitioner-Appellee, v. George FABE, Superintendent of Insurance for Ohio, as Liquidator of Ohio General Insurance Company, and First National Indemnity Company, Respondents-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided April 12, 1991.

Attorney(s) appearing for the Case

Michael A. Stick, Samuel W. Ach, Butler, Rubin, Newcomer, Saltarelli, Boyd & Krasnow, Chicago, Ill., for petitioner-appellee.

Steven R. Gilford, David M. Spector, Ira J. Belcove, Mayer, Brown & Platt, Chicago, Ill., Scott Edward North, Porter, Wright, Morris & Arthur, Columbus, Ohio, for Ohio Reinsurance Corp., et al.

Paul W. Schroeder, F. Samuel Eberts, III, Jones, Day, Reavis & Pogue, Chicago, Ill., for respondents-appellants.

Before BAUER, Chief Judge, and COFFEY and EASTERBROOK, Circuit Judges.

EASTERBROOK, Circuit Judge.

Ohio Reinsurance Corporation belongs to a reinsurance pool of which Pacific Reinsurance Management Corporation is manager. Reinsurance treaties call for participants to share both gains and losses. This agreement also requires the parties to arbitrate any dispute about financial responsibility. Pacific Reinsurance initiated an arbitration that would value all participants' obligations and wind up the pool. In 1988 the arbitrators ordered...

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