Captive Sues Underwriting Management Organization Over Denial of Reinsurance Claim



DOCUMENTS
  • Complaint


BOSTON — An offshore captive insurer has accused an underwriting management organization of wrongfully denying a claim filed under a stop loss excess reinsurance contract, asserting that it was not authorized to do so and as a result, caused the reinsurer to breach the policy.

In a Jan. 29 complaint filed in the U.S. District Court for the District of Massachusetts, the insurer alleges Starline USA LLC denied the claim without a legitimate basis, despite the insurer’s compliance with policy terms.

In October 2017, Wellforce Indemnity Company Ltd., a captive insurer incorporated in the Cayman Islands, asked broker Guy Carpenter …

FIRM NAMES
  • Hinckley Allen & Snyder





UPCOMING CONFERENCES




HarrisMartin’s Webinar Series: Acetaminophen ASD/ADHD Product Liability Litigation

October 21, 2022

MORE DETAILS



HarrisMartin's MDL Conference: Navigating Current Mass Tort Litigation

November 30, 2022 - New York, NY
The Knickerbocker

MORE DETAILS