Under ORCP 4I, the court may exercise jurisdiction over an action involving a promise to insure any person, property, or risk, so long as:
(1) The person, property, or risk insured was located in this state at the time of the promise; or
(2) The person, property, or risk insured was located within this state when the event out of which the cause of action is claimed to arise occurred; or
(3) The event out of which the cause of action is claimed to arise occurred within this state, regardless of where the person, property, or risk insured was located.
This rule may not apply to reinsurers; Oregon courts have not decided this issue, but a similar Wisconsin statute was so interpreted. Employers Ins. Co. of Wausau v. Equitas Holdings Ltd., 451 FSupp2d 1012 (W.D.Wis. 2006) (no personal jurisdiction over reinsurer created by Lloyd’s of London).