Pension Plan Says D.C. Federal Court Has Jurisdiction Over Offshore Insurer

WASHINGTON, D.C. — A pension plan has opposed a motion to dismiss its lawsuit against offshore reinsurer Cardem Insurance Company Ltd. demanding $934 million in withdrawal liability payments, arguing that Cardem is at home in the United States, therefore personal jurisdiction is constitutional under Daimler AG v. Bauman, 571 U.S. 117 (2014).

In a May 26 brief filed in the U.S. District Court for the District of Columbia, plaintiffs contend that Cardem is controlled by and for the benefit of a U.S. entity, and that all its officers and most of its board of directors are U.S. citizens.

Walter …