When Seeking a Default Judgment Proof of Damages Must Be Clear

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Chasing down reinsurance proceeds from non-US reinsurers is never easy. Multiple US cedents have had to bring proceedings to collect from a wide variety of non-US reinsurers from around the globe. Many of these reinsurers were or are arms of foreign governments and many have gone insolvent or have been privatized. Not surprisingly, some never appear in US proceedings and then seek to resist default judgments. In a recent case, a cedent obtained a default but was temporarily denied a default judgment because of issues with evidence of damages.

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