English Reinsurer Argues Policy Period, Late Notice Defense To 2nd Circuit

Mealey's (November 29, 2021, 12:55 PM EST) -- NEW YORK — A federal court in New York “misconstrued” an English House of Lords ruling regarding “back-to-back” presumption in a dispute over an environmental claims settlement, an English reinsurer argues in its Nov. 22 appellant brief before the Second Circuit U.S. Court of Appeals seeking reversal of summary judgment on the issue of allocation; the reinsurer also argues that questions of fact should have precluded summary judgment dismissing its late notice defense....