Reinsurer, Alleged Reinsured Argue Over What Constitutes Elements Of Agreement

Mealey's (April 24, 2017, 7:18 AM EDT) -- PHILADELPHIA — A reinsurer and its alleged reinsured countered each other recently in a federal court in Pennsylvania over whether the alleged reinsured is incorrect in its assertions regarding a cession statement, which the reinsurer says is an essential element of the parties’ reinsurance agreement (R&Q Reinsurance Company v. St. Paul Fire & Marine Insurance Company, No. 16-cv-01473, E.D. Pa.)....