Insurer Files Breach Of Contract Counterclaim Against Reinsurers

Mealey's (July 17, 2018, 3:13 PM EDT) -- NEW YORK — An insurer counterclaimed for breach of contract on July 16 against two reinsurers in a New York federal court, seeking a declaration that the insurer cannot arbitrate claims asserted under facultative reinsurance contracts for losses of $2.5 million (Continental Insurance Company of New Jersey, et al. v. National Union Fire Insurance Company of Pittsburgh, PA, No. 18-4715, S.D. N.Y.)....