Security Ins. Co. of Hartford v. Trustmark Ins. Co.

RULING ON MOTION TO STAY PENDING ARBITRATION

DORSEY, District Judge.

Third party defendant TIG Insurance Co. (“TIG”) moves to stay the present proceedings in deference to its arbitration proceedings with plaintiff.

I. BACKGROUND

TIG and plaintiff entered into a Reinsurance Agreement, effective January 1,1999, which contains an arbitration clause providing that:

As a condition to any right of action hereunder, any irreconcilable dispute between the parties to this Agreement shall be submitted to a board of arbitration composed of two arbitrators and an umpire meeting at a place to be agreed by the…