OPINION & ORDER Petitioner, Swiss Reinsurance America Corporation (“Swiss Re”), brings this Action, pursuant to 9 U.S.C. §9, to confirm a Final Interim Award arising out of an arbitration between the Parties. (Pet. to Confirm Final Award (“Pet.”) (Dkt. No. 1).) Although Swiss Re moved for an entry of default judgment, (see Dkt. Nos. 25-32), the Court treats the Petition as an unopposed motion for summary judgment, which it grants based on the underlying arbitration record. I. Background A. Factual Background Petitioner Swiss Re is a New York Corporation with its principal place of business in New York. (Decl. of Stanley V. Figura, Esq., in Supp. of Mot. (“Figura Decl.”) 3 (Dkt. No. 8).) Respondent Go Re is a Hawaii Corporation with its principal place of business in Hawaii. (Id. at 4.) The instant dispute arises out of a series of insurance and reinsurance agreements between the Parties. At the center is a company called Go Maps, Inc. (“Go Maps”), which created an app to sell, service, and manage auto insurance policies throughout the United States. (Pet. 7.) The policies it sold were issued by Topa Insurance Company (“Topa”). (Id. 8.) Swiss Re agreed to reinsure those policies pursuant to a 100 percent quota share reinsurance contract. (Id. 9.) Go Re, a company affiliated with Go Maps’ founder, then reinsured Swiss Re with respect to those same policies. (Id. 10.) Importantly, Swiss Re and Go Re signed a Retrocession Agreement whereby Go Re agreed to indemnify Swiss Re for 40 percent of any program losses. (Id.; see also Figura Decl., Ex. A (“Retrocession Agreement”) at 1.) The Retrocession Agreement also contained an arbitration clause, providing that any disputes arising out of the agreement would be heard by a panel of three arbitrators. (Id. at 23-24.) Thereafter, Go Maps experienced significant losses, which required Swiss Re to pay millions of dollars to Topa pursuant to its reinsurance agreement. (Pet. 13.) In turn, Swiss Re asked Go Re to indemnify the former for its paid losses, but Go Re refused. (Id.) Accordingly, Swiss Re initiated an arbitration against Go Re on September 8, 2022. (Id. 15.) The Parties agreed on a panel of arbitrators (the “Arbitrators” or the “Panel”), and on March 27, 2023, Swiss Re moved for an interim award. (Id. 19.) After some back and forth, the Panel twice ordered Go Re to post letters of credit. (Id.
