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MUHL v. VESTA FIRE INSURANCE CORP.

288 A.D.2d 108 (2001)

733 N.Y.S.2d 163

EDWARD J. MUHL, Superintendent of Insurance of the State of New York, as Liquidator, Respondent, v. VESTA FIRE INSURANCE CORP., Appellant.

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

Decided November 20, 2001.

Plaintiff is the liquidator of an insurance company which entered into several retrocession agreements, transactions by which a reinsurer (here, Midland) cedes all or part of its reinsurance policies to another reinsurer (here, defendant). Plaintiff commenced this action claiming that defendant has not paid losses incurred pursuant to those agreements. Plaintiff then moved for summary judgment on one retrocession agreement, Pool...

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