Skandia America Reinsurance Corp. v. Financial Guardian Group

KENNEDY, Judge.

This is an appeal by plaintiff Skandia America Reinsurance Corporation from a summary judgment for defendants Financial Guardian Group, Inc., and World American Underwriters, Inc.

We reverse and remand for further proceedings.

Skandia's claim against the defendants— which was asserted as an alternative claim to its primary claim against Omaha Indemnity Company on a Stop Loss Agreement, as will be explained later — was for the alleged failure of Financial Guardian and World American to secure from Omaha Indemnity Company a valid and binding Stop Loss Agreement, by which Omaha…