Wausau Sues R&Q for $520,000 in Reinsurance for Marley Asbestos Settlement

MADISON, Wis. — In a newly filed suit, Employers Insurance Company of Wausau is demanding more than $520,000 in reinsurance proceeds from R&Q Reinsurance Co. for Wausau’s settlement of asbestos claims with its insured, The Marley Co.

The Oct. 9 complaint, filed in the U.S. District Court for the Western District of Wisconsin, seeks payment under two facultative certificates in effect in the early 1980s.

According to the suit, R&Q issued two one-year facultative reinsurance certificates to Wausau, effective Oct. 1, 1981, to Oct. 1, 1982, and Oct. 1, 1983, to Oct. 1, 1984. These certificates allegedly covered two umbrella …