CORCORAN v. ARDRA INS. CO.


156 A.D.2d 70 (1990)

James P. Corcoran, as Superintendent of Insurance of The State of New York and as Liquidator of Nassau Insurance Company, Respondent, v. Ardra Insurance Company, Ltd., et al., Appellants

Appellate Division of the Supreme Court of the State of New York, First Department.

April 10, 1990


Attorney(s) appearing for the Case

William F. Costigan of counsel (Anderson Costigan, attorney), for respondent.

James D. Veach of counsel (Eugene A. Leiman and Jeffrey S. Weinstein with him on the brief; Mound, Cotton & Wollan, attorneys), for appellants.

KUPFERMAN, J. P., MILONAS, WALLACH and RUBIN, JJ., concur.


ASCH, J.

This action arises from three reinsurance contracts entered into by the now insolvent Nassau Insurance Company (Nassau) with the defendant Ardra Insurance Company, Ltd. (Ardra), a Bermuda corporation. Defendants Richard A. and Jeanne S. DiLoreto owned and dominated a network of companies including Nassau and Ardra.

The plaintiff Superintendent of Insurance, as liquidator of Nassau, seeks reinsurance...

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