Nationwide Mutual Insurance Company v. Home Insurance Company

OPINION

KENNEDY, Circuit Judge.

Defendant-Appellant Home Insurance Company (“Home”) appeals from the district court’s order vacating an award issued by the arbitration panel in Home’s on-going dispute with Plaintiff-Appellee Nationwide Mutual Insurance Company (“Nationwide”).

I

In 1977, Nationwide and Home entered into a reinsurance contract, under which Home agreed to cover all of Nationwide’s obligations to a particular insurance pool (“the Rutty pool”). The contract contained a broad arbitration clause. In 1983, CIGNA entered into an assumption contract with Home, whereby CIGNA purchased all…