OPINION & ORDER
SIDNEY H. STEIN, District Judge.
This action brings this Court into the field of reinsurance, where, according to the New York Court of Appeals, "differences have often been settled by handshakes and umpires, and pertinent precedents... are few in number." Sumitomo Marine & Fire Ins. Co., Ltd.-U.S. Branch v. Cologne Reinsurance Co. of Am.,
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