STORY FROM: Reinsurance & Arbitration

Former Cal-Regent Owner Opposes Odyssey Re’s Motion for Summary Judgment

SAN DIEGO — A former owner of broker Cal-Regent Services Corp. has opposed Odyssey Reinsurance Co.’s motion for summary judgment in a $3.2 million case, arguing there are questions of fact concerning sums allegedly owed the reinsurer.

In a Sept. 14 response filed in the U.S. District Court for the Southern District of California, Diane Nagby contends there are questions concerning her control over Cal-Regent, and whether she aided her former husband in forming a new business for the purpose of avoiding creditors.

Cal-Regent Insurance Services Corp. underwrote certain risks on behalf of State National Insurance Co. Odyssey Re reinsured ...

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