Insurer’s Liquidators Seek Bankruptcy Court’s OK On Procedures To Sell Assets

Mealey's (March 30, 2022, 8:40 AM EDT) -- NEW YORK — The joint provisional liquidators (JPLs) of Bermuda insurer and reinsurer PB Life and Annuity Co. Ltd. (PBLA) and other debtors on March 28 asked a New York federal bankruptcy court to approve procedures to sell the debtors’ assets, saying that without approval, “the time and uncertainty associated with the sale of the Assets will likely lead to hesitation on behalf of potential buyers.”...