UNIGARD SECURITY INSURANCE COMPANY INC V NORTH RIVER INSURANCE COMPANY

(1993) 2 Re LR 364

United States Court of Appeals Second Circuit

Before Circuit Judge Winter, Circuit Judge Altimari and Senior District Judge Pollack

Follow the fortunes - Asbestos-related claims - Notice - Whether reinsurer bound to reimburse reinsured for payments made on original insured’s behalf - Effect of reinsured’s participation in Wellington Agreement and payments through Claims Facility - Whether reinsurer’s right to associate did extend to decisions which might involve original insurance - Whether reinsurer not liable on grounds of untimely notice.