UNIGARD SECURITY INSURANCE COMPANY INC V NORTH RIVER INSURANCE COMPANY INC

(1991) 1 Re LR 64

United States District Court

Southern District of New York

Follow the fortunes - Asbestos-related claims - 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.