Lamorak Insurance Company v. Certain London Market Company Reinsurers
Case Number:
1:18-cv-10534
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March 23, 2022
Insurer, London Reinsurer End $22M Pollution Coverage Suit
A U.S.-based insurer that is now in liquidation ended its dispute Wednesday with a London market reinsurer over a fraction of a $120 million pollution settlement it said the reinsurer owed due to an arrangement in which the insurer "fronted" policies for several U.K. reinsurers.
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February 24, 2022
Insurer Says London Reinsurers On The Hook For $22M
A U.S.-based insurer that "fronted" policies for London market reinsurers, allowing the London entities to keep business with a U.S. chemical manufacturer without being admitted to write policies in the country, said a Massachusetts jury should find them responsible for a fraction of a $120 million pollution settlement.