Pennsylvania Federal Court Finds Forum Selection Clause in Services Agreement Between Insurer and Reinsurance Broker to Be Valid and Enforceable
By EsqSocial Corporation 25/04/24
In Housing & Redevelopment Insurance Exchange v. Guy Carpenter & Co., a Pennsylvania federal court considered the enforceability of a forum selection clause in a services agreement between Pennsylvania-based insurer Housing and Redevelopment Insurance Exchange (HARIE) and its reinsurance broker Guy Carpenter. In that case, the parties entered into an agreement establishing Guy Carpenter as HARIE’s reinsurance broker of record for a three-year period. The agreement included choice-of-law and...
By: Carlton Fields