STORY FROM: Reinsurance & Arbitration

Home Liquidator Seeks Default Judgment Against Cerberus Holding

NEW YORK - The liquidator of The Home Insurance Co. has asked a New York federal court to enter a default judgment against Cerberus Holding Company LLC, arguing that Cerberus has failed to appear or otherwise respond to a claim seeking payment under three facultative reinsurance certificates.

In a Jan. 31 motion filed in the U.S. District Court for the Southern District of New York, New Hampshire Insurance Commissioner Roger A. Sevigny said more than 21 days have passed since Cerberus was served with the claim, and Cerberus has not been granted any extension of time to respond to the ...

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