Continental Casualty Company, an Illinois Insurance Company v. American National Insurance Company, a Texas Insurance Company
Court of Appeals for the Seventh Circuit
1Opinion of the Court
RIPPLE, Circuit Judge.
Continental Casualty Co. (“Continental”) filed suit against American National Insurance Co. (“ANICO”), a co-participant in the Associated Accident and Health Reinsurance Underwriters (“AAHRU”) reinsurance pool managed by IOA Re, Inc. (“IOA Re”). Continental attempted to leave the reinsurance arrangement in 2000. It sought a declaratory judgment that it owed no duty to indemnify ANICO pursuant to a Quota Share Personal Accident Retrocession Contract (“Quota Share Con tract”) executed in 2001 by ANICO and IOA Re. Continental maintained that IOA Re lacked the authority to…
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