STORY FROM: Reinsurance & Arbitration

Reinsurer Seeks to Renew Motions for Summary Judgment in N.Y. Federal Action

UTICA, N.Y. — Century Indemnity Co. has asked to renew its motions for partial summary judgment on allocation and collateral estoppel in a New York federal lawsuit accusing it of breaching two reinsurance certificates issued to Utica Mutual Insurance Co.

In its June 18 motion filed in the U.S. District Court for the Northern District of New York, Century says the court’s recent ruling in Munich Reinsurance Co. v. Century Indemnity Co., which involved the same contracts that are at issue in the instant case, resolved the issues.

On Aug. 16, 2013, Utica sued Century, accusing it of breaching ...

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