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MATTER OF REALEX GROUP, N. V. CHESAPEAKE INS. CO. LTD. v. CURIALE

210 A.D.2d 91 (1994)

620 N.Y.S.2d 37

In the Matter of the Liquidation of Realex Group, N. V. Chesapeake Insurance Company Limited, Appellant, v. Salvatore R. Curiale, Superintendent of Insurance of The State of New York, as Liquidator, Respondent

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

December 13, 1994

Plaintiff, Chesapeake Insurance Company Limited (Chesapeake) is a reinsurer. Realex Group, N. V. (Realex) is also a reinsurer, which was placed in liquidation by the Supreme Court in 1987. Prior to that time, Chesapeake and Realex entered into two reinsurance agreements. Thus, in the Realex Agreement, Chesapeake agreed to reinsure Realex for a 40% quota share of certain reinsurance business to be written for Realex. In the Chesapeake...

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