Cherokee Insurance Company, by and Through David S. Weed v. E.W. Blanch Company

DAVID A. NELSON, Circuit Judge.

The issue we address in this appeal is whether the defendant, a reinsurance broker, was entitled to judgment as a matter of law on a claim that it failed to exercise due care in examining the financial strength of certain reinsurers it recommended to the plaintiff insurance company. On cross-motions for summary judgment, the district court resolved this issue in favor of the defendant. We conclude, upon de novo review, that the district court reached the correct result. The judgment entered in favor of the defendant will be affirmed.

I

The plaintiff, Cherokee…