EIFlow Insurance Ltd. Says It Is Not Required to Post Pre-Pleading Security in Reinsurance Action

CONCORD, N.H. — A Gibraltar-based reinsurer says it is not required to post $2 million in pre-pleading security before moving for additional time to answer a complaint filed by a cedent because the motion is not a “pleading” as defined by New Hampshire law.

In a Jan. 5 memorandum, EIFlow Insurance Ltd. further argued that the pre-pleading statute does not apply to this litigation because it was not served through the New Hampshire insurance commissioner or secretary of state.

U.S. Fire Insurance Co. issued an insurance policy to Southdown Inc. and its subsidiaries and affiliates, effective from Dec. 1, …