Liquidator Asks Court To OK Reinsurance Commutation Pact That Includes Offset
(May 11, 2016, 1:06 PM EDT) -- CONCORD, N.H. — The liquidator of an insolvent insurer asked a New Hampshire court on May 4 to approve a reinsurance commutation agreement, which includes the offset of certain amounts owed by the insolvent insurer to a reinsurer (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).
(Motion for approval of reinsurance commutation agreement with Sirius America available. Document #10-160527-027M.)
The Merrimack County Superior Court placed The Home Insurance Co. into liquidation on June 11, 2013.