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EXECUTIVE LIFE INS. v. ALEXANDER INS. LTD.

No. 92-2363NE.

999 F.2d 318 (1993)

In the Matter of the Arbitration Between: EXECUTIVE LIFE INSURANCE COMPANY OF NEW YORK; Executive Life Insurance Company of California, Appellants, v. ALEXANDER INSURANCE LIMITED, Appellee, ALEXANDER INSURANCE LIMITED, Appellee, v. EXECUTIVE LIFE INSURANCE COMPANY OF NEW YORK; Executive Life Insurance Company of California, Appellants.

United States Court of Appeals, Eighth Circuit.

Decided July 13, 1993.

Attorney(s) appearing for the Case

Lyman L. Larsen, Omaha, NE, argued (Raymond Walden, on the brief), for appellants.

Michael H. Goldstein, New York City, argued (Lawrence S. Greengrass, New York City and Edward D. Hotz, Omaha, NE, on the brief), for appellee.

Before FAGG, Circuit Judge, HEANEY, Senior Circuit Judge, and BEAM, Circuit Judge.

PER CURIAM.

After a contract dispute arose between Alexander Insurance Limited (Alexander) and Executive Life Insurance Company of New York and Executive Life Insurance Company of California (Executive Life), the companies submitted the dispute to arbitration. An arbitration panel entered an award in Executive Life's favor. The district court vacated the arbitrator's award and Executive Life appeals. We reverse and remand.

Executive Life paid a one-time premium...

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