Global Must Pay ACE $561,718 Plus Interest, Future Billings, Pa. Federal Judge Rules

PHILADELPHIA — A Pennsylvania federal judge has ordered Global Reinsurance Corporation of America to pay ACE Property Casualty Insurance Co. $561,718, plus 6 percent prejudgment interest, for an underlying settlement of asbestos personal injury claims between ACE’s predecessor and Marley-Wylain Inc.

On March 31, Judge Juan R. Sanchez of the U.S. District Court for the Eastern District of Pennsylvania further ordered Global to pay all future billings on the Marley claim made on the same basis as the billings at issue in this case within 30 days of receipt.

Beginning in 1975, ACE’s predecessor, Central National Insurance Company of Omaha, …