Reinsurance Commutation Agreement Approved By New Hampshire Justice

(January 25, 2016, 10:07 AM EST) -- CONCORD, N.H. — A New Hampshire justice on Jan. 4 approved a reinsurance commutation agreement between an insolvent insurer and a reinsurer (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).

(Order available. Document #10-160129-012R.)

The Home Insurance Co. was placed into liquidation on June 11, 2013, by the Merrimack County Superior Court, and the state’s insurance commissioner was appointed as Home’s liquidator.

Roger A. Sevigny, the state’s current insurance commissioner and Home’s liquidator, moved on Nov. 16,...
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