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EMPLOYERS INS. v. BANCO DE SEGUROS DEL ESTADO

No. 99-1304.

199 F.3d 937 (1999)

EMPLOYERS INSURANCE OF WAUSAU, Plaintiff-Appellee, v. BANCO DE SEGUROS DEL ESTADO, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided December 15, 1999.

Rehearing and Rehearing Denied January 19, 2000.

Attorney(s) appearing for the Case

Timothy J. Muldowney, Lafollette & Sinykin, Madison, WI, Dale I. Larson (argued), Zelle, Hofmann, Voelbel & Gette, Minneapolis, MN, for Plaintiff-Appellee.

James A. Higgins, Byrne, Goyke, Tillisch & Higgins, Wausau, WI, David Corbin (argued), Moreira Law Firm, New York City, NY, for Defendant-Appellant.

Before: POSNER, Chief Judge, and CUDAHY and KANNE, Circuit Judges.

Rehearing and Rehearing En Banc Denied January 19, 2000.

KANNE, Circuit Judge.

Banco De Seguros Del Estado ("Banco") was a member of a Lloyd's, London syndicate that reinsured several insurance policies underwritten by Employers Insurance of Wausau ("Wausau"), a Wisconsin insurance company. In September 1995, an arbitration panel awarded Wausau $7,783,324 from the syndicate, of which Banco was liable for $181,319. When Wausau filed a petition in the district...

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