Reliastar Life Insurance Company v. Ioa Re, Inc. Swiss Re Life Canada, the Reinsurance Association, Amicus on Behalf Of

BOWMAN, Circuit Judge.

ReliaStar Life Insurance Company sued IOA Re, Inc. and Swiss Re Life Canada (collectively, the retrocessionaires) for breach of contract arising out of an alleged failure to pay under reinsurance contracts. IOA Re and Swiss Re counterclaimed, alleging that they were entitled to rescind the reinsurance contracts, and that in any case ReliaStar committed a breach of contract by failing to remit premiums to the retrocessionaires. The parties filed cross-motions for summary judgment in the District Court, 1 and the court denied the re-trocessionaires’ motion for partial…