News & Events Publication Go Back Victory for Swiss Re, in the World Trade Center Litigation 06.27.05 On June 24, the Hon. Michael B. Mukasey of the United States District Court for the Southern District of New York released a 26-page opinion denying a motion for partial summary judgment filed by the Silverstein Parties in the World Trade Center litigation. The motion sought to compel Swiss Re, to pay actual cash value up to its share of a "one-occurrence" policy limit for the World Trade Center loss. The court denied the motion holding that Swiss Re has to pay its one occurrence limit for the World Trade Center loss as Silverstein provides "Swiss Re with partial proofs of loss to collect insurance as replacement costs are incurred". The decision is a further victory ancillary to Simpson Thacher's trial and appellate successes on behalf of Swiss Re. To read more about some of Simpson Thacher's earlier successes on behalf of Swiss Re, see: Simpson Thacher Victorious on Behalf of Swiss Re in World Trade Center Case Second Circuit Issues Decision in Swiss Re World Trade Center Litigation The New York Law Journal Ranks WTC Insurance Coverage Litigation Among "Top Cases of 2004" NLJ Names Simpson Thacher WTC Victory Among "Top Defense Wins of 2004" To read the court's most recent opinion in the matter, click on "Download (PDF)" below. Related Insights 09.30.25 | Publications Delaware Supreme Court Rules That Defense Costs Paid By Parent Company Do Not Satisfy Self-Insured Retention In Subsidiary’s Policies (Insurance Law Alert) 09.30.25 | Publications Illinois Appellate Court Says Trial Court Properly Considered Insured’s Sworn Statement In Concluding That Insurer Had No Duty To Defend (Insurance Law Alert) 09.30.25 | Publications Fifth Circuit Rules That Two-Year Delay In Notice To Reinsurer Was Unreasonable And Material As A Matter Of Law (Insurance Law Alert) Related Services Related Practice Areas Litigation Insurance and Reinsurance Complex Commercial Litigation Related Industries Insurance and Reinsurance