TIG Insurance Company v. Swiss Reinsurance America Corporation
- Nelson Roman
- 7:21-cv-08975
- U.S. District Court · Southern District of New York
- 3
In TIG Insurance Company v. Swiss Reinsurance America Corporation, Judge Roman granted plaintiffs’ request to seal settlement amounts in a reinsurance dispute.
The plaintiffs may file the settlement-amount statement separately, with access limited to the court and the parties. Swiss Reinsurance America Corporation and the public are affected by that access restriction.
What happened
TIG Insurance Company and Associated Electric and Gas Insurance Services Limited asked to keep confidential the amount involved in their lawsuit against Swiss Reinsurance America Corporation. The lawsuit concerns whether Swiss Reinsurance must pay its share of a confidential settlement related to an underlying insurance-coverage dispute.
The plaintiffs sought permission to file a separate, one-paragraph statement giving the settlement amount and the amount sought from Swiss Reinsurance. They argued that the amount was not disputed, would not affect the court’s decision on the merits, and was covered by a confidentiality agreement.
The court granted the request. The plaintiffs must file the statement separately, and it may be accessed only by the court and the parties; Judge Roman also directed the clerk to terminate the motion.
The detailed version
- TIG Insurance Company v. Swiss Reinsurance America Corporation · No. 7:21-cv-08975
- Nelson Roman
- Mar. 6, 2024
Background
TIG Insurance Company, as successor to Ranger Insurance Company, and Associated Electric and Gas Insurance Services Limited (together, the plaintiffs) brought a breach-of-contract action against Swiss Reinsurance America Corporation. The plaintiffs said Swiss Reinsurance reinsured all liability arising from six insurance policies and owed, but had not paid, its share of a confidential settlement in an underlying coverage lawsuit.
The plaintiffs were serving a motion for summary judgment. They said the settlement agreement and its total amount were not disputed and were not material to deciding the parties’ claims and defenses. The plaintiffs did not attach the settlement agreement or include the dollar amount in the summary-judgment motion.
Sealing Request
The plaintiffs asked for permission to file a separate, one-paragraph statement identifying the settlement amount and the amount sought from Swiss Reinsurance. They relied on a confidentiality provision in the underlying settlement agreement. That provision generally barred disclosure of the agreement and its terms, while allowing certain confidential disclosures to reinsurers, cedents, arbitrators, and tribunals in proceedings involving those companies.
The plaintiffs argued that the proposed statement would have little significance for public access because the settlement agreement was not part of the court record, the statement would not directly affect the court’s adjudication, and the settlement amount was not disputed. They also argued that confidential settlement agreements are not generally open to the public and that sealing the limited information would protect privacy and encourage settlements.
Ruling
The court granted the plaintiffs’ request. It directed them to file the one-paragraph statement as a separate document because partial sealing of documents was not possible. The statement must be filed so that it is accessible only to the court and the parties to the case.
The clerk of court was directed to terminate the motion at docket entry 62. This order addressed only the filing and confidentiality request; the text does not decide the pending summary-judgment motion or the underlying reinsurance dispute.
Read the full 3-page opinion on CourtListener, the free public archive maintained by the Free Law Project.