Reinsurance Brokers Tell Federal Appeals Court That Lower Court Erred

(April 5, 2016, 10:47 AM EDT) -- NEW YORK — A group of reinsurance brokers told the Second Circuit U.S. Court of Appeals on March 28 that a lower court decision limiting a reinsurer’s liability regarding an insurer’s legal and other expenses is contrary to the underlying concepts behind facultative reinsurance agreements (Global Reinsurance of America v. Century Indemnity Company, No. 15-2164-cv, 2nd Cir.).

(Amicus curiae brief available. Document #12-160415-003B.)

Global Reinsurance Corporation of America, as successor in interest to Constitution Reinsurance Corp., sued Century Indemnity Co., as successor in interest to CCI...
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