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MATTER OF PRITCHARD & BAIRD, INC.

Bankruptcy No. CA 80-2405.

8 B.R. 265 (1980)

In the Matter of PRITCHARD & BAIRD, INC., Pritchard and Baird Intermediaries Corporation, both corporations of the State of New York, P & B, Inc., P & B Intermediaries Corporation, C & W Financial Corp., Newark Reinsurance Management Corp., all corporations of the State of New Jersey, Bankrupts. HARTFORD FIRE INSURANCE COMPANY, a corporation, Hartford Accident and Indemnity Company, a corporation, and Hartford Casualty Insurance Company, a corporation, Plaintiff-Appellant, v. John J. FRANCIS, J. Raymond Berry, Hugh P. Francis, Trustees of Pritchard & Baird, Inc. et al., Defendants-Appellees.

United States District Court, D. New Jersey.

November 20, 1980.

Attorney(s) appearing for the Case

Raymond J. Lamb, Lamb, Hutchinson, Chappell, Ryan & Hartung, Jersey City, N.J., for Hartford Fire Ins. Co.

Benjamin N. Cittadino, Pellettieri, Rabstein & Altman, Trenton, N.J., for California Union Ins. Co.

Seymour J. Ugelow, Rein, Mound & Cotton, New York City, for Burt & Scheld, Inc.

Hugh P. Francis, Francis & Berry, Morristown, N.J., for Pritchard & Baird, Inc.

Steven S. Radin, Sills, Beck, Cummis, Radin & Tischman, Newark, N.J., for Fortress Re., Inc. and Calvert Fire Ins. Co.

Gerald C. Kelly, Hooley, Perselay, Butter & Kelly, Westfield, N.J., for Skandia America Reinsurance Corp.

OPINION

WHIPPLE, Senior District Judge.

This is an appeal by Hartford Fire Insurance Company and Hartford Accident and Casualty Company (hereinafter Hartford) from a declaratory judgment entered by the Bankruptcy Court on April 25, 1980 (Bankruptcy No. B 75-3202). The Court determined that Pritchard and Baird, Inc., (hereinafter P&B) acted as the agent of Hartford in connection with reinsurance placement.

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