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Before Torruella, Boudin, and Thompson, Circuit Judges.

This case concerns a reinsurance dispute between an American insurance company and a Canadian insurance company. The American company, Plaintiff-Appellant OneBeacon America Insurance Company (“OneBeacon”), claims that the Canadian company, Defendant-Appellee Aviva Insurance Company of Canada (“Aviva”), is obligated to reinsure OneBeacon for policies OneBeacon issued to certain entities in the early 1980s. Both parties filed cross-motions for summary judgment, and the district court denied summary judgment to OneBeacon and granted summary judgment to Aviva. OneBeacon now appeals, challenging both summary judgment rulings. After careful review, we affirm the district court’s denial of summary judgment to OneBeacon and award of summary judgment to Aviva.

I. Background

 
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