Old Republic Seeks Confirmation of $20.3M Award

Old Republic Insurance Co. asked a federal judge in Illinois to confirm a final arbitration award against First Accelerated Reinsurance Co.

Updated on Nov. 6, 2026 in Insurance

Old Republic Seeks Confirmation of $20.3M Award

Old Republic Insurance Co. has asked an Illinois federal judge to confirm a final $20.3 million arbitration award against First Accelerated Reinsurance Co. The dispute arose under a property and casualty quota share reinsurance treaty between the two companies.

Why it matters

Confirmation by a federal court would convert the arbitration award into an enforceable judgment, which bears on how reinsurance disputes are resolved after arbitration. The filing asserts that none of the grounds for refusing confirmation apply.

The arbitration award totals $20.3 million and is described as final. The extraction provides no market or macroeconomic indicators, and the outcome of the petition remains unresolved.

The players

Old Republic Insurance Co.

Old Republic Insurance Co. is an insurance company that entered the reinsurance treaty and petitioned to confirm the arbitration award.

First Accelerated Reinsurance Co.

First Accelerated Reinsurance Co. is a reinsurer against which the $20.3 million arbitration award was entered.

Sharon J. Coleman

Sharon J. Coleman is a federal judge on the U.S. District Court for the Northern District of Illinois, where the petition was filed.

The details

Old Republic Insurance Co. entered a property and casualty quota share reinsurance treaty with First Accelerated Reinsurance Co., which is a citizen of Turks and Caicos Islands, Ohio and/or Arizona. Old Republic filed a petition before Judge Sharon J. Coleman in the U.S. District Court for the Northern District of Illinois, arguing that none of the grounds for refusing confirmation exist.

Article about the petition to confirm the award was published on November 6, 2026.

Market Dynamics

The petition follows the federal procedure for converting an arbitration award into an enforceable court judgment under the Federal Arbitration Act. The extraction does not provide broader macroeconomic data relevant to the case.

For insurers and reinsurers, the outcome determines whether a $20.3 million arbitration award becomes an enforceable judgment. The extraction does not describe effects on individual policyholders or retail investors.

The takeaway

Arbitration awards in reinsurance disputes generally require court confirmation before they can be enforced. Readers following insurance contract disputes can track how the Northern District of Illinois rules on this petition.