Old Republic Insurance v. Ace Property & Casualty Insurance

The defendant Ace Property and Casualty Insurance Company (Ace Casualty), as a successor-in-interest to Central National Insurance Company of Omaha (Central National), appeals from the circuit court of Cook County’s August 29, 2007, order holding that: (1) Ace Casualty’s arbitration demand against the plaintiff, Old Republic Insurance Company (Old Republic), is stayed; and (2) the rights and obligations of both Ace Casualty and Old Republic under all reinsurance agreements entered into between Old Republic and Central National prior to August 3, 1990, were extinguished by a commutation…