Utica Wants Reinsurer Barred From Spilling Secrets

Law360, Chicago (November 30, 2011, 6:26 PM EST) -- Utica Mutual Insurance Co. asked a New York federal court on Tuesday to block INA Reinsurance Co. from disclosing confidential information related to the companies' dispute over reinsurance coverage for asbestos claims.

In a memorandum supporting its motion for a preliminary injunction, Utica alleges that a confidentiality order issued by the arbitration panel overseeing the reinsurance dispute bars the disclosure of this information.

Utica contends that INA, also known as R&Q Reinsurance Co., has caused it "imminent, actual and unquantifiable harm" by releasing information about the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.