STORY FROM: Reinsurance & Arbitration
Pa. Federal Judge Stays $4.4 Million Reinsurance Action Pending Resolution of Motion to Transfer Venue
March 10, 2016
PHILADELPHIA — A Pennsylvania federal judge has stayed a $4.4 million reinsurance action filed by St. Paul Fire & Marine Insurance Co. against R&Q Reinsurance Co. pending an Illinois federal court’s resolution of St. Paul’s motion to transfer a related case to the Pennsylvania court.
In a March 3 order, Judge Joel H. Slomsky of the U.S. District Court for the Eastern District of Pennsylvania ordered the court clerk to place the action in suspense.
Effective Dec. 1, 1979, R&Q Reinsurance Co. and St. Paul Fire & Marine Insurance Co., through intermediary Guy Carpenter & Co., negotiated, underwrote, and entered ...
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