Reinsurer Asks Court For Declaration Regarding Cap On Reinsurance Obligation

Reinsurer Asks Court For Declaration Regarding Cap On Reinsurance Obligation

NEW YORK - A reinsurer argued in a federal court in New York on Jan. 10 that the dollar amount stated in the "reinsurance accepted" section of certain reinsurance agreements caps the maximum amount it is obligated to pay its reinsured (Global Reinsurance Corporation of America v. Century Indemnity Company, No. 13-cv-06577, S.D. N.Y.).

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