Reinsurer Claims Reinsured Is In Breach Of Facultative Reinsurance Certificates
(December 22, 2015, 10:58 AM EST) -- SYRACUSE, N.Y. — A reinsurer told a federal court in New York on Dec. 21 that its reinsured is allegedly in breach of the agreements that it is suing about and, therefore, has no right to bring a motion for summary judgment asking for more than $5 million in asbestos-related reinsurance (Utica Mutual Insurance Company v. R&Q Reinsurance Company, No. 14-cv-00699, N.D. N.Y.).
(Response available. Document #12-160108-004B.)
Utica Mutual Insurance Co. sued R&Q Reinsurance Co., f/k/a INA Reinsurance Co., on June 11, 2014, in the U.S....