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AINSWORTH v. GENERAL REINSURANCE CORP.

No. 83-1892-WM.

751 F.2d 962 (1985)

C. Donald AINSWORTH, as Successor to William Arthur Jones, Richard J. Frederick et al., Appellee, v. GENERAL REINSURANCE CORPORATION, Appellant.

United States Court of Appeals, Eighth Circuit.

Decided January 9, 1985.

Attorney(s) appearing for the Case

James H. Horn (Argued), James Bandy, Kansas City, Mo., for appellant.

John C. Craft (Argued), William C. Jolley, Jr., Kansas City, Mo., for appellee.

Before LAY, Chief Judge, FAIRCHILD, Senior Circuit Judge, and McMILLIAN, Circuit Judge.

FAIRCHILD, Senior Circuit Judge.

This is an appeal from a judgment holding a reinsurer (General Reinsurance Corporation) liable to the receiver of an insolvent insurance company (Medallion) for the reinsured amount of insured liability, under a so-called insolvency clause of a reinsurance agreement. Federal court jurisdiction is based on diversity, and the parties agree that the law of Missouri governs substantive questions.

I

On January 1, 1971...

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