Gerling Global Reinsurance Co. v. Ace Property & Casualty Insurance

SUMMARY ORDER

ON CONSIDERATION WHEREOF, it is hereby ordered, adjudged, and decreed that the district court’s decision be and it hereby is AFFIRMED.

In July 1982, plaintiff-appellee Gerling Global Reinsurance Company (“Gerling”) issued two facultative reinsurance certificates (“the certificates”) effective June 1, 1982 to defendant-appellant ACE Property and Casualty Co. (“ACE”),1 whereby Ger-ling agreed to reinsure portions of insurance policies ACE had issued to A.P. Green Refractories Co. (“A.P.Green”). Prior to obtaining the certificates, ACE represented to Gerling that A.P. Green had no…