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PENN RE, INC. v. STONEWALL INS. CO.

No. 87-760-CIV-5.

708 F.Supp. 123 (1988)

PENN RE, INC., Plaintiff, v. STONEWALL INSURANCE COMPANY, Defendant.

United States District Court, E.D. North Carolina, Raleigh Division.

December 16, 1988.

Attorney(s) appearing for the Case

Hugh Stevens, William G. Pappas, John J. Butler, Adams, McCullough & Beard, Raleigh, N.C., for plaintiff.

David P. Sousa, Raleigh, N.C., for defendant.

MEMORANDUM OF DECISION

DUPREE, District Judge.

Invoking the court's diversity jurisdiction the plaintiff, Penn Re, Inc., seeks a declaratory judgment construing a certificate of facultative reinsurance issued by plaintiff to defendant Stonewall Insurance Company (Stonewall). The action is before the court on cross-motions for summary judgment which have been fully briefed and argued by the parties. For the reasons to follow plaintiff's motion will be granted...

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