Judge Upholds Order Requiring Reinsurer to Post Pre-Pleading Security

HARTFORD, Conn. - A Connecticut federal judge has overruled Gettysburg National Indemnity (SAC) Ltd.'s objection to an order requiring the reinsurer to post $660,389 in pre-pleading security in a reinsurance contract dispute. Arrowood Surplus Lines Insurance Co. v. Gettysburg National Indemnity (SAC) Ltd., No. 3:09-972 (D. Conn.).

On May 10, Judge Janet C. Hall of the U.S. District Court for the District of Connecticut ruled that the April 6 ruling by Magistrate Judge Holly B. Fitzsimmons was neither clearly erroneous nor contrary to law.

Gettysburg reinsured Arrowood Surplus Lines Insurance Co.'s predecessors, Royal Surplus Lines Insurance Co. and Landmark American …