AIG, Swiss Re Units Sued Over Adventist Church Abuse Claims (1)

A captive insurance company sued two reinsurers—units of American International Group Inc. and Swiss Re AG—for refusing to reimburse $55.4 million in defense costs and settlements paid for abuse claims against Seventh-day Adventist organizations.

Gencon Insurance Co. of Vermont is seeking to recover $36.4 million from AIG’s Lexington Insurance Co. and $19 million from Swiss Re’s Westport Insurance Corp., according to the captive insurer’s complaint Tuesday in the US District Court for the District of Vermont.

The dispute centers on claims filed by 177 former students of Miracle Meadows School, a West Virginia boarding school that closed in 2014 ...