STORY FROM: Reinsurance & Arbitration

Travelers, R&Q Settle Dispute over Reinsurance for Asbestos Settlement

HARTFORD, Conn. - Travelers Casualty and Surety Co. has settled its dispute with R&Q Reinsurance Co. over reinsurance for the underlying settlement of asbestos claims. Travelers Casualty and Surety Co. v. R&Q Reinsurance Co., No. 10-1946 (D. Conn.).

In a Jan. 31 filing in the U.S. District Court for the District of Connecticut, the parties agreed to dismissal of the case with prejudice and without costs or attorney's fees to any party.

R&Q and several other reinsurers subscribed to a series of reinsurance treaties that comprised the Travelers Casualty's Blanket Excess of Loss Program. The program incepted in 1962 ...

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