Insurer:  Reinsurer Does Not Contest Breach Of Duty To Post $1.6M Collateral

Mealey's (April 8, 2020, 11:51 AM EDT) -- NEW YORK — An insurer tells a New York federal court in an April 3 reply brief that summary judgment should be awarded because a reinsurer does not contest that it breached an obligation to post $1.6 million in collateral and that the reinsurer should still be required to post that collateral (AmTrust North America Inc. v. Signify Insurance Ltd., et al., No 18-3779, S.D. N.Y.)....