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TIG INSURANCE CO. v. GLOBAL INTERNATIONAL REINSURANCE COMPANY, LTD.

No. 09 Civ. 1289(JSR).

640 F.Supp.2d 519 (2009)

In the Matter of the Arbitration Between TIG INSURANCE COMPANY, Petitioner/Cross-Respondent, v. GLOBAL INTERNATIONAL REINSURANCE COMPANY, LTD., Respondent/Cross-Petitioner.

United States District Court, S.D. New York.

August 7, 2009.

Attorney(s) appearing for the Case

Sean Thomas Keely, Lovells, LLP, New York, NY, Amy B. Kelley, James I. Rubin, Butler Rubin Saltarelli & Boyd LLP, Chicago, IL, for Petitioner/Cross-Respondent.

MEMORANDUM ORDER

JED S. RAKOFF, District Judge.

Because an arbitrator is not required to proceed in formal fashion or to give reasons for his rulings, his decisions may often appear arbitrary, especially to the non-prevailing party. But having chosen to forego the procedural punctiliousness and reviewable reasoning of a court of law, the loser is hard-pressed to complain if there is even a colorable justification for the result. Here, the losing party...

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