Agreement Reported In Suit Over Collateral Obligations Under Reinsurance Agreement

Mealey's (March 25, 2022, 1:22 PM EDT) -- NEW YORK — A reinsurer on March 24 filed a notice of settlement in a New York federal court in a suit pertaining to collateral obligations under a reinsurance agreement; since September 2020, an insurer’s motion to amend or correct a July 2020 grant of summary judgment in the case has been pending and the reinsurer’s appeal has been stayed....