SCHWARTZ, Chief Judge.
Royal (Royal Administration Inc. and The Royal Company for Life and Health Insurance, Inc.) was the administrator of an international health insurance program provided by Sterling Investors Life Insurance Company to South American insureds. Sterling's obligations were, in turn, reinsured with five reinsurers, including the two present appellees, Hannover Life Reassurance Company of America and ReliaStar Life Insurance Company. Acting both as...
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