Odyssey Re Seeks Summary Judgment in $2.7 Million Commissions Dispute with Cal-Regent

HARTFORD, Conn. — Odyssey Reinsurance Co. has moved for summary judgment in its lawsuit against Cal-Regent Insurance Services Corp., asserting there is no genuine issue of material fact that Cal-Regent breached a reinsurance agreement by failing to pay $2.74 million in adjusted commission.

In its Oct. 22 filing in the U.S. District Court for the District of Connecticut, Odyssey Re contends that Cal-Regent failed to include a “debit carry forward” in calculating the commissions it owes for the 2006 underwriting year and failed to pay adjusted commission for the 2003, 2004, 2005 and 2007 underwriting years.

In April 2002, …