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STONEWALL INS. CO. v. FORTRESS REINSURERS MANAGERS, INC.

No. 8510SC889.

350 S.E.2d 131 (1986)

83 N.C. App. 263

STONEWALL INSURANCE COMPANY v. FORTRESS REINSURERS MANAGERS, INC., et al.

Court of Appeals of North Carolina.

November 18, 1986.

Attorney(s) appearing for the Case

Young, Moore, Henderson and Alvis, P.A. by R. Michael Strickland and David P. Sousa, Raleigh, for plaintiff-appellant.

Sanford Adams McCullough and Beard by H. Hugh Stevens, Jr., William G. Pappas and John J. Butler, Raleigh, for defendants-appellees.

PARKER, Judge.

Plaintiff first contends that the trial court erred in failing to conclude as a matter of law that amounts Stonewall reinsured through treaty insurance are held by plaintiff "for its own account," or, alternatively, that Penn Re's company retention language is ambiguous and that such ambiguity must be construed in favor of Stonewall. The question is what do the words "for its own account" mean. Plaintiff contends that "for its own account" means net...

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