Panel Denies English Reinsurer’s Rehearing Bid In All-Sums Allocation Case

Mealey's ( June 8, 2023, 1:37 PM EDT) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel denied a petition for panel rehearing in which an English facultative reinsurer argued that the opinion “misreads the context” of one English case and “overlooked an English appellate decision reaching exactly the opposite conclusion” in a case concerning all-sums allocation of an environmental claims settlement....

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