STORY FROM: Reinsurance & Arbitration

Reinsurer Says Cedent’s Complaint Should be Dismissed for Lack of Subject Matter Jurisdiction

WEST PALM BEACH, Fla. — A reinsurer is urging a Florida federal judge to dismiss a cedent’s amended complaint seeking payment of a $139,000 reinsurance claim, arguing that the pleading should be amended a second time to properly plead the cedent’s citizenship for purposes of diversity subject matter jurisdiction.

In an Oct. 11 filing in the U.S. District Court for the Southern District of Florida, BF&M Life Insurance Company Ltd. contends that it is unclear from the amended pleading whether the court has subject matter jurisdiction over VIP Universal Medical Insurance Group Ltd. (VUMI’s claims.

VUMI allegedly entered into an ...

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