Reinsurer Says Its Reinsurer Must Post $1 Million Pre-Pleading Security
(September 9, 2015, 11:52 AM EDT) -- NEW HAVEN, Conn. — A reinsurer told a federal court in Connecticut on June 30 that its reinsurer cannot avoid the state’s pre-pleading security statute and must post more than $1 million to cover the possible outcome of the case (Select Insurance Company v. Excalibur Reinsurance Corporation, f/k/a PMA Capital Insurance Company, No. 15-cv-00715, D. Conn.).
(Reply available. Document #12-150717-004B.)
Select Insurance Co. sued Excalibur Reinsurance Corp., f/k/a PMA Capital Insurance Co., in the U.S. District Court for the District of Connecticut, on May 12, bringing...