STORY FROM: Reinsurance & Arbitration

Home Liquidator Asserts Claim Against Cerberus Holding Co. in Reinsurance Dispute

NEW YORK ā€” The liquidator of The Home Insurance Co. has asserted a claim against third-party defendant Cerberus Holding Company LLC, seeking $224,886 allegedly due under three facultative reinsurance certificates.

In a Jan. 2 filing in the U.S. District Court for the Southern District of New York, New Hampshire Insurance Commissioner Roger Sevigny alleges that pursuant to a reinsurance assumption agreement, Cerberus may be liable for Trygvesta Forsikring A/Sā€™s reinsurance debt to Home.

Beginning in 1964, Home issued policies insuring Eli Lilly & Co., International Telephone and Telegraph Corp. and General Cable Corp.

The policies were reinsured under facultative reinsurance ...

Associated Law Firms
Eaton & Van Winkle
Hargraves McConnell & Costigan

Associated Documents
Claim



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