Opinion
11-CV-1177 (CBA) (JMA).
May 16, 2011
ORDER
The Court has received the report and recommendation (R R) of the Honorable Joan M. Azrack, United States Magistrate Judge, dated April 27, 2011, which recommends that the Court grant the plaintiff United Insurance Company Limited's motion for an injunction in aid of arbitration. The time for objecting to the R R has passed.
As neither party has objected or requested additional time in which to object, the Court hereby adopts the R R dated April 27, 2011 as the opinion of the Court.
Accordingly, it is ordered that, pending resolution of the arbitration proceeding:
1. The defendant World Wide Re shall not bind new reinsurances or renew existing contracts on behalf of the plaintiff United Insurance Company Limited; and
2. The defendant World Wide Re shall not, without the prior written consent of the plaintiff United Insurance Company Limited, cancel, extend, amend, or alter in any way reinsurances already bound under the July 2009 Binding Authority Agreement.
SO ORDERED.
Dated: Brooklyn, New York May 13, 2011