Judge Denies Liquidator’s Bid To Stay Arbitration With Reinsurers Over $150M Loss

Mealey's (December 31, 2019, 9:53 AM EST) -- SAN JUAN, Puerto Rico — Without explanation, a Puerto Rico federal judge on Dec. 26 denied an insolvent insurer’s liquidator’s motion alter or amend a ruling in order to stay arbitration proceedings in a case over $150 million in losses from two hurricanes against its reinsurers (Integrand Assurance Co. v. Everest Reinsurance Co., et al., No. 19-01111, D. Puerto Rico)....