Reinsurer Liable For Only One-Third of Reinsurance Claim, Judge Rules

BOSTON - A reinsurer is only obligated to indemnify OneBeacon Insurance Co. for asbestos claims brought under the first of three consecutive insurance policies because there is no evidence that the first policy was renewed by the following two policies, a Massachusetts federal judge has ruled. OneBeacon America Insurance Co. v. Commercial Union Assurance Company of Canada, No. 10-10164 (D. Mass.).

On Aug. 18, Judge Joseph L. Tauro of the U.S. District Court for the District of Massachusetts granted Aviva Insurance Company of Canada's motion for summary judgment, ruling that the facultative certificate clearly states that it was in effect …