Reinsurer: Evidence Of Decades-Old Reinsurance Billings Are Not Available

Mealey's (February 2, 2017, 7:16 AM EST) -- CHICAGO — A reinsurer in a Jan. 17 brief tells the Seventh Circuit U.S. Court of Appeals that the statutes of limitations of claims brought by the assignee of certain reinsurance receivables rights has passed and that any evidence of the reinsurance billings in question would be decades old and no longer retained by the reinsurer (Pine Top Receivables of Illinois, LLC v. Banco De Seguros Del Estado, No. 16-3499, 7th Cir.)....