Amended Complaint Asserts Reinsurance Trust’s Escrow Agent Breached Fiduciary Duty

Mealey's (March 1, 2021, 11:58 AM EST) -- NEW YORK — An insurer and reinsurer on Feb. 24 filed a second amended complaint in New York federal court, alleging claims for breach of contract and breach of fiduciary duty against a reinsurance trust’s escrow agent in a suit seeking to enforce a promissory note worth more than $4.6 million tied to a reinsurance arrangement for an in-force book of disability income business....