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TRAVELERS INS. CO. v. BUFFALO REINSURANCE CO.

No. 86 Civ. 3369 (JMC).

739 F.Supp. 209 (1990)

The TRAVELERS INSURANCE COMPANY, Plaintiff, v. BUFFALO REINSURANCE COMPANY, Fremont Syndicate, Inc., Maiden Lane Syndicate, Inc., Pan Atlantic Investors, Ltd., Republic Insurance Company and South Place Syndicate, Inc., Defendants.

United States District Court, S.D. New York.

June 22, 1990.

Attorney(s) appearing for the Case

Simpson Thacher & Bartlett, New York City by Conrad K. Harper, Dennis G. Jacobs, Ellen M. Bonaventura, and Robert E. Rice, for plaintiff Travelers.

Wilson Elser Moskowitz Edelman & Dicker, New York City by Philip J. Walsh, and John S. Diaconis, for defendant Buffalo Reinsurance Co.

Miller Singer Raives & Brandes, P.C., New York City by Clifford H. Schoenberg and Linda D. Crawford, for defendants Fremont Syndicate, Inc., Maiden Lane Syndicate, Inc., Pan Atlantic Investors, Ltd., Republic Ins. Co., and South Place Syndicate, Inc.

MEMORANDUM AND ORDER

CANNELLA, District Judge:

Plaintiff's motion for reargument is granted. Local Civil Rule 3(j); Fed.R. Civ.P. 59(e). Upon reconsideration, the judgment is vacated and defendants' motion for summary judgment is denied. Fed. R.Civ.P. 56.

BACKGROUND

Plaintiff, The Travelers Insurance Company ["Travelers"], commenced the instant action for a declaration of rights under certain facultative reinsurance contracts issued by...

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