Mealey's Insurance - Reinsurer: Alleged Rights Holder Not Helped By Recent Supreme Court Decisions

Mealey's Insurance - Reinsurer: Alleged Rights Holder Not Helped By Recent Supreme Court Decisions

CHICAGO - A foreign reinsurer told the Seventh Circuit U.S. Court of Appeals on July 10 that new U.S. Supreme Court decisions regarding the Foreign Sovereign Immunities Act (FSIA) do not help the arguments of an alleged assignee to certain rights under a number of reinsurance agreements regarding the appeals court's jurisdiction over an arbitration dispute (Pine Top Receivables of Illinois, LLC v. Banco De Seguros Del Estado, No. 13-1364, 7th Cir.).

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