EMPLOYERS INS. OF WAUSAU v. EL BANCO DE SEGUROS

No. 03-2484, 03-2771.

357 F.3d 666 (2004)

EMPLOYERS INSURANCE OF WAUSAU, Petitioner-Appellee, v. EL BANCO DE SEGUROS DEL ESTADO, Respondent-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided February 3, 2004.

Rehearing Denied February 25, 2004.


Attorney(s) appearing for the Case

Timothy J. Muldowney (argued), Lafollette, Godfrey & Kahn, Madison, WI, for Petitioner-Appellee.

Hugh C. Griffin, Robert A. Knuti (argued), Lord, Bissell & Brook, Chicago, IL, for Respondent-Appellant.

Before POSNER, KANNE, and ROVNER, Circuit Judges.


POSNER, Circuit Judge.

The procedurally intricate litigation that has culminated in these twin appeals arises from a dispute between the parties to several contracts of reinsurance. Back in the 1960s and 1970s, Employers Insurance of Wausau had reinsured certain of its insurance obligations with a number of insurance companies including an instrumentality of the Uruguayan government called El Banco de Seguros del Estado ("state insurance bank"). Wausau sustained losses...

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