Conn. Judge Seals Documents Revealing Identity of PA LMX Spiral Broker in Reinsurance Action

HARTFORD, Conn. — A Connecticut federal judge has sealed documents revealing the terms of an underlying confidential settlement for which Travelers’ Insurance Co. is seeking reinsurance coverage from Excalibur Reinsurance Corp., as well as the identity of Travelers’s insured, a PA LMX Spiral broker.

In a 40-page order issued Aug. 5, Senior Judge Charles Haight Jr. of the U.S. District Court for the District of Connecticut designated several documents and six deposition transcripts as confidential.

Two insurers sued an insurance/reinsurance broker for losses they allegedly sustained in connection with the PA LMX Spiral. The broker turned to Gulf for …