Tag Archives: Bellefonte

Without the Bellefonte Presumption, Reinsurer Denied Partial Summary Judgment

You remember Bellefonte, right?  Bellefonte Reinsurance. Co. v. The Aetna Casualty & Surety Co., 903 F.2d 910 (1990).  When the New York Court of Appeals in Global Reinsurance Corp. of Am. v. Century Indemn. Co., 30, N.Y.3d 508 (2017), took the wind out of reliance on Bellefonte as authority for the stated limits in a facultative … Continue Reading

The Battle Over Whether Reinsurance Limits in a Facultative Certificate Caps All Liability Rages On

Beginning in 1990 with the Second Circuit Court of Appeals’ controversial Bellefonte decision, a battle has raged on between parties to facultative certificates over whether a certificate’s reinsurance limit of liability is a cap on both reinsurance liability and expenses. For the most part, that battle has favored the reinsurers, with courts finding no ambiguity in the certificate’s … Continue Reading
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