Reinsurance Intermediaries, Insolvent Insurer’s Receiver Reach Settlement, Judge Says

Mealey's (December 6, 2018, 12:47 PM EST) -- OKLAHOMA CITY — In an administrative closing order, an Oklahoma federal judge on Dec. 3 noted that reinsurance intermediaries and the receiver for an insolvent insurer have reached a settlement as to the receiver’s lawsuit alleging negligence in reinsurance services provided to the insurer (Oklahoma, et al. v. Axiom Re LP, et al., No. 17-0484, W.D. Okla.)....