PROGRESSIVE CASUALTY INSURANCE COMPANY AND OTHERS V C A REASEGURADORA NACIONAL DE VENEZUELA

(1993) 2 Re LR 192

United States District Court Southern District of New York

Before District Judge Haight

Arbitration - Arbitration clause - Incorporation by reference - Dispute between American retrocessionaires and Venezuelan retrocedant - Whether parties had agreed on arbitration - Whether New York Convention on Recognition and Enforcement of Foreign Arbitral Awards or Inter-American Convention on International Commercial Arbitration applied - Whether 1977 facultative reinsurance agreement (FRA) between direct insurers and London reinsurers included by reference in 1989 policy also incorporating London Following Clause - Whether FRA’s London arbitration clause binding on retrocessionaires - Whether phrase “subject to” sufficient to bind retrocessionaires to arbitration clause.