Cal-Regent Asks Court to Deny Odyssey Re Summary Judgment in $2.7 Million Commission Dispute

HARTFORD, Conn. — Cal-Regent Insurance Services Corp. is urging a Connecticut federal court to deny Odyssey Reinsurance Co.’s motion for summary judgment, arguing that material issues of fact exist as to whether Cal-Regent owes $2.74 million in adjusted reinsurance commissions.

In its opposition filed in the U.S. District Court for the District of Connecticut, Cal-Regent argues that Odyssey Re may have breached the reinsurance agreements at issue by settling a large, uncovered claim and then billing Cal-Regent for a substantial portion of that claim in the form of a commission adjustment.

In April 2002, Cal-Regent agreed to underwrite certain risks …