Editor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency

Continental Casualty Co. and LaSalle Re Ltd. are battling in Illinois federal court over whether certain claims fall within the ambit of a 2004 commutation and release agreement. 

In an amended complaint, Continental is urging an Illinois federal court to stay an arbitration commenced by LaSalle.  Continental says the claims at issue in that arbitration are void because they fall under the parties' earlier commutation and release agreement.

Further coverage in the Sept. 7, 2007 issue of Mealey's Reinsurance