First State Insurance Company v. Banco De Seguros Del Estado

TORRUELLA, Circuit Judge.

This is an appeal from a judgment of the United States District Court for Massachusetts confirming two arbitration awards in favor of appellee First State Insurance Company (First State) against appellant Banco de Seguros del Estado (Banco). See First State Ins. Co. v. Banco de Seguros del Estado, Civ. No. 98-11004-GAO (D.Mass.2000). For the reasons stated hereinafter we affirm the judgment of the district court.

FACTUAL AND PROCEDURAL BACKGROUND

The arbitration proceeding central to this case stems from a dispute regarding the obligations of thirty-one reinsurers,…