EASTERN DISTRICT OF ILLINOIS
CONTINENTAL CAS. CO. V. COMMERCIAL RISK RE-INSURANCE CO.
(CIVIL ACTION NO.: 07-C-6912, April 15, 2009)
Defendants filed an application for a pre-trial stay pending arbitration and application to appoint a referee regarding several reinsurance agreements and a separate "commutation agreement." Pursuant to the "commutation agreement," certain reinsurance agreements between the parties were terminated by consent. Under that agreement, it contained the provision that the parties would submit to the exclusive jurisdiction of the State of Illinois. The "commutation agreement" did …Continue Reading