Judge Orders Insurer, Reinsurer To Arbitrate Breach Of Contract Case

Mealey's (May 14, 2020, 11:22 AM EDT) -- NEW YORK — A New York federal judge on May 12 sent a breach of contract dispute between a Puerto Rico insurer and a Bermuda reinsurer’s over improper asset divestments for a reinsurance trust to arbitration based upon the reinsurance agreement’s valid arbitration clause (PB Life and Annuity Co. Ltd. v. Universal Life Insurance Co., No. 20-2284, S.D. N.Y.)....