2nd Amended Complaint Must Be Dismissed, Reinsurance Trust’s Investors Say

Mealey's (March 26, 2021, 12:15 PM EDT) -- NEW YORK — An insurer and reinsurer’s second amended complaint filed in New York federal court and 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 must be dismissed because the insurer and reinsurer are not entitled to relief under the applicable agreements into which they entered with the investors, the investors in the reinsurance trust maintain in a March 25 motion to dismiss....