CONTINENTAL CASUALTY CO. and CONTINENTAL INSURANCE CO., Plaintiffs-Appellants, v. CERTAIN UNDERWRITERS AT LLOYDS OF LONDON, Defendant-Appellee., 10 F.4th 814

Summary

HOLDINGS: [1]-In a dispute between an insurer and a reinsurer regarding the way in which reinsurance should have been calculated and billed and the consequences for failing to use the proper methodology, a suit under the FAA to set aside the arbitral award rendered in the parties' dispute failed because the arbitrators' awards fell within the scope of their authority, particularly as the parties' agreement gave the arbitrators power to resolve the case on general principles, not just on legal entitlements; [2]-In addition, the court's role in reviewing arbitral awards was narrow and did not permit the court to revisit the parties' dispute.