STORY FROM: Reinsurance & Arbitration
Pa. Federal Judge Denies R&Q Judgment on the Pleadings in $4.4 Million Late Notice Dispute
May 16, 2017
PHILADELPHIA — St. Paul Fire & Marine Insurance Co. has adequately pleaded the existence of a contractual relationship between a reinsurance certificate and an underlying policy issued to Walter E. Cambell & Company Inc., a Pennsylvania federal judge has ruled in denying R&Q Reinsurance Co.’s motion for judgment on the pleadings.
In a May 12 order, Judge Berle Schiller of the U.S. District Court for the Eastern District of Pennsylvania held that St. Paul sufficiently pled the essential terms of the cession.
R&Q issued two facultative reinsurance certificates to St. Paul in the late 1970s and early 1980s pursuant to ...
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