Judge Orders Judgment Debtors To Pay Money Owed Under Reinsurance Agreement

Mealey's (November 14, 2016, 12:00 PM EST) -- NEW YORK — A federal judge in New York on Nov. 3 ordered judgment debtors to pay a $7.8 million reinsurance arbitration award that had previously been confirmed in a related case (AmTrust North America, Inc. and Technology Insurance Company, Inc., as judgment creditors of Pacific Re, Inc. on behalf of its protected cell Pac Re 5-AT v. Safebuilt Insurance Services Inc., No. 16-cv-06033, S.D. N.Y.; 2016 U.S. Dist. LEXIS 153399)....

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