Reinsurer, Reinsured Settle Breach Of Contract Dispute For $455,000

Mealey's (September 4, 2018, 1:59 PM EDT) -- CHICAGO — On Aug. 15, a reinsurer and its reinsured agreed to settle for $455,000 a breach of contract case over the release of funds from a claim fund account (Transatlantic Reinsurance Co. v. Guarantee Trust Life Insurance Co., No. 15-CH-5480, Ill. Cir., Cook Co., Chanc. Div.)....