Judge: Reinsurer Is Liable For $5M Settlement Between Insurer, Steel Maker

Mealey's (January 26, 2018, 12:53 PM EST) -- NEW YORK — A reinsurer is liable for an insurer’s $5 million settlement with a steel maker, a New York federal judge ruled Jan. 23, granting the insurer’s motion to enforce an arbitration award (National Indemnity Co. v. IRB Brasil Resseguros S.A., No. 15-3975, S.D. N.Y.)....