Princeton, Converium End Workers’ Comp Coverage Suit

Law360, New York (September 14, 2011, 7:37 PM EDT) -- A New Jersey federal judge on Wednesday dismissed Princeton Insurance Co.'s suit against Converium Reinsurance North America Inc. over a workers’ compensation and employers’ liability reinsurance treaty after the companies reached a settlement.

U.S. District Judge Mary L. Cooper dismissed the case without prejudice after receiving notice that the suit had been "settled in its entirety." Further details on the settlement were not immediately available Wednesday.

The case centers on a 1995 contract signed by the companies in which Converium agreed to provide reinsurance to Princeton...
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