Patton Boggs Reinsurance Newsletter - September 2012

RECENT CASE SUMMARIES

• Second Circuit Affirms Insured Has No Direct Right of Action Against Reinsurer Absent “Cut- through” Provision
  Callon Petroleum Co. v. Nat’l Indemnity Co., 11-241-cv, 2012 U.S. App. LEXIS 13538 (2d Cir. July 3, 2012).
• First Circuit Affirms Summary Judgment Against Cedent
  OneBeacon Am. Ins. Co. v. Commercial Union Assurance Co. of Can., 684 F.3d 237 (1st Cir. 2012).
• Fourth Circuit Affirms Order Compelling Arbitration Holding That McCarran-Ferguson Does Not Apply
  ESAB Group, Inc. v. Zurich Ins. PLC, 685 F.3d 376 (4th Cir. 2012).
• New York Federal Court Compels Production Reinsurance Information
  Fireman’s Fund Ins. Co. v. Great Am. Ins. Co. of N.Y., 2012 U.S. Dist. LEXIS 92701 (S.D.N.Y. Jul. 3, 2012).
• New York Federal Court Adopts Magistrate Judge’s Recommendation and Denies Motion to Dismiss an Action to Enforce Provisions of a Confidentiality Agreement
  Utica Mut. Ins. Co. v. INA Reinsurance Co., No. 6:12-cv-00194-DNH-TWD (N.D.N.Y. Jun. 11, 2012).
• Federal Magistrate Judge Recommends a Finding That the Reinsurer Need Not Prove Prejudice on a Late Notice Defense
  AIU Ins. Co. v. TIG Ins. Co., No. 07 Civ. 7052 (S.D.N.Y. Aug. 16, 2012).
• Texas Supreme Court Holds That Stop-loss Insurance of Self-funded Employee Health Plans is Subject to State Regulations for Insurers and is Not Reinsurance
  Tex. Dept. of Ins. v. Am. Nat’l Ins. Co., 55 Tex. Sup. J. 705 (Tex. 2012).
• New York State Motion Court Denies Summary Judgment on Post-Merger Dispute
  WT Holdings, Inc. v. Argonaut Group, Inc., No. 600925/2009, 2012 N.Y. Misc. LEXIS 3331 (N.Y. Sup. Ct. Jul. 10, 2012).
• Pennsylvania State Court Holds Definition of Loss and Expense Is Derived From Underlying Policies Where Facultative Certificate Is on an Excess of Loss Basis
  Ace Prop. & Cas. Ins. Co. v. R&Q Reinsurance Co., No. 02290, 2012 Phila. Ct. Com. Pl. LEXIS 128 (May 15, 2012).

RECENT ENGLISH CASES

• Court of Appeal Addresses the Conflict Between Arbitration and Governing Law
  Sulamerica CIA Nacional De Seguros SA & Ors v Enesa Engenharia SA & Ors [2012] EWCA Civ 638 (16 May 2012).

RECENT SPEECHES AND PUBLICATIONS