EVEREST REINSURANCE COMPANY v. GALILEO WEATHER RISK MANAGEMENT ADVISORS, LLC

654349/13. 7386. 7385.

165 A.D.3d 519 (2018)

86 N.Y.S.3d 466

2018 NY Slip Op 06983

Everest Reinsurance Company, Appellant, v. Galileo Weather Risk Management Advisors, LLC, et al., Respondents. Everest Reinsurance Company, Respondent, v. Galileo Weather Risk Management Advisors, LLC, et al., Appellants.

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

Decided October 18, 2018.


In 2011, plaintiff and Galileo entered into an arrangement whereby Galileo would locate potential weather-related insurance and/or derivative transactions for plaintiff, which would pay Galileo a fee on such transactions that closed. For purposes of these appeals, the parties agree that in 2012, plaintiff and Galileo reached an agreement memorialized solely in two emails and pursuant to which plaintiff would provide Galileo with $300,000 to hire a particular individual and...

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