Breach Of Contract Case With Reinsurer Must Be Arbitrated, Insurer Says

Mealey's (April 24, 2020, 8:01 AM EDT) -- NEW YORK — A Puerto Rico insurer argues in a April 21 motion that a New York federal court should send to arbitration a breach of contract dispute with a Bermuda life reinsurer over allegations that the reinsurer’s controlling owner improperly divested assets in a reinsurance trust (PB Life and Annuity Co. Ltd. v. Universal Life Insurance Co., No. 20-02284, S.D. N.Y.)....