Globe National Fire Insurance v. American Bonding & Casualty Co.

— The reinsurance contracts are in the standard form adopted by the Surety Association of America, and were executed by the following named companies for separate amounts, as follows: The Southern.'Surety Company, $25,000; The Iowa Bonding & Casualty Company, $17,500; The American Bond¡ng fa Casualty Company, $10,000; The National Surety Company of New York, $10,000. Each of the contracts provided that:

“In consideration of the premium stated in Section 1 hereof, the Southern Surety Company of Des Moines, hereinafter called the reinsurer, does hereby reinsure the American Bonding and Casualty…