Insurer’s Liquidators Seek Bankruptcy Court Help In Administration Of Assets

(December 9, 2020, 12:58 PM EST) -- NEW YORK — Joint liquidators for PB Life and Annuity Co. Ltd. (PBLA) on Dec. 3 petitioned for a New York federal bankruptcy court to recognize a Bermuda liquidation proceeding against PBLA as a foreign main proceeding to assist in the administration of hundreds of millions of dollars of assets (In re PB Life and Annuity Co., Ltd., No. 20-12791, S.D. N.Y. Bkcy.)....