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PACIFIC REINSURANCE MGT. v. OHIO REINSURANCE CORP.

No. 86-5740.

814 F.2d 1324 (1987)

PACIFIC REINSURANCE MANAGEMENT CORPORATION and Mission Insurance Company, Petitioners-Appellees, v. OHIO REINSURANCE CORPORATION; Walton Insurance Ltd.; Abeille-Paix Reassurances; Hamburg International Reinsurance Co.; Hassneh Insurance Co. of Israel, Ltd.; and Seguros America, S.A., Respondents-Appellants.

United States Court of Appeals, Ninth Circuit.

Decided April 10, 1987.

Attorney(s) appearing for the Case

Elliot M. Kroll, Los Angeles, Cal., for respondents-appellants.

Linda M. Lasley, Los Angeles, Cal., for petitioners-appellees.

Before PREGERSON and NORRIS, Circuit Judges, and REED, Jr., District Judge.

EDWARD C. REED, Jr., District Judge:

FACTS

Appellee Pacific Reinsurance Management Corporation (Pacific Re) acted as a reinsurance pool manager for the other parties to this action from 1970 through June, 1984. In that capacity, Pacific Re provided underwriting and claims handling facilities to service the reinsurance business it assumed on behalf of the insurers who participated in the pool. Under the management agreement which Pacific Re entered...

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