Reinsurer Asks Court To Declare That It Has No Obligation Under Certificates
Mealey's (April 13, 2016, 9:40 AM EDT) -- CHICAGO — A reinsurer told a federal court in Illinois on April 11 that its reinsured did not provide it with prompt notice of asbestos-related claims against an insured and that the reinsured is therefore in breach of certain facultative reinsurance certificates (R&Q Reinsurance Company v. The American Insurance Company, No. 16-cv-04199, N.D. Ill.).
(Complaint available. Document #12-160415-025C.)
R&Q Reinsurance Co. sued The American Insurance Co. in the U.S. District Court for the Northern District of Illinois, bringing a claim of breach of contract and asking...