STORY FROM: Reinsurance & Arbitration
R&Q Files Amended Answer to St. Paul’s Counterclaims in Pa. Federal Reinsurance Action
September 25, 2017
PHILADELPHIA — A Pennsylvania federal judge has allowed R&Q Reinsurance Co. to assert a statute of limitations defense to breach of contract counterclaims filed by St. Paul Fire & Marine Insurance Co. in a reinsurance dispute.
In a Sept. 20 order, Judge Berle Schiller of the U.S. District Court for the Eastern District of Pennsylvania accepted R&Q’s amended answer, in which it argues that St. Paul’s counterclaims are barred by both Pennsylvania's and Illinois' statute of limitations for breach of contract.
R&Q issued two facultative reinsurance certificates to St. Paul in the late 1970s and early 1980s pursuant to a ...
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