Federal Insurance Co & Anor v Transamerica Occidental Life Insurance Co.The applicants, 'Federal' and 'Chubb', and the respondents, 'Transamerica', were parties to an arbitration agreement which provided for the appointment of two arbitrators and an umpire if the parties could not agree on a single arbitrator and allowed a party 30 days to appoint an arbitrator after receipt of notice to do so.