Insurers Seek Declaratory Relief About Rights Under Reinsurance Agreements

(July 28, 2020, 1:46 PM EDT) -- SAN FRANCISCO — Ceding insurers ask a California federal court in a July 27 complaint to declare that a loss portfolio transfer does not cancel or impact their rights under reinsurance agreements and that there has been no novation on the replacement of reinsurers (Fireman's Fund Insurance Company, et al. v. Bothnia International Insurance Company Limited, No. 20-5132, N.D. Calif.)....