DENNIS JACOBS, Circuit Judge.
This reinsurance coverage dispute returns to us following a remand. Defendant-Appellee Seguros La Republica, S.A. ("Seguros") issued 26 facultative certificates reinsuring risks underwritten by American Centennial Insurance Company ("ACIC"). ACIC's successor, Plaintiff-Appellant British International Insurance Company Limited ("BIIC"), sued Seguros for pro rata reimbursement of sums paid by ACIC on behalf of the underlying insureds and...
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