Employers Insurance of Wausau v. El Banco De Seguros Del Estado
Court of Appeals for the Seventh Circuit
1Opinion of the Court
POSNER, Circuit Judge.
The proeedurally intricate litigation that has culminated in these twin appeals arises from a dispute between the parties to several contracts of reinsurance. Back in the 1960s and 1970s, Employers Insurance of Wausau had reinsured certain of its insurance obligations with a number of insurance companies including an instrumentality of the Uruguayan government called El Banco de Seguros del Estado (“state insurance bank”). Wausau sustained losses from claims arising out of asbestos-related illness that it tried to offload on to the reinsurers. They resisted. Wausau…
2Cases cited20 opinions
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- In the Matter of Compton Corp., Debtor. Walter Kellogg, Trustee v. Blue Quail Energy, Inc., and Mbank Abilene, N.A.Court of Appeals for the Fifth Circuit · 1988
- Resolution Trust Corporation, as Receiver for Peoples Savings and Loan Associations, F.A. v. Angelo Ruggiero and Gina RuggieroCourt of Appeals for the Seventh Circuit · 1993
- In Re Air Conditioning, Inc. Of Stuart, Debtor. American Bank of Martin County, Douglass E. Wendel, Trustee v. Leasing Service CorporationCourt of Appeals for the Eleventh Circuit · 1988
- Glass, Molders, Pottery, Plastics and Allied Workers International Union, Afl-Cio, Clc, Local 182b v. Excelsior Foundry CompanyCourt of Appeals for the Seventh Circuit · 1995
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