Valid Arbitration Clause Exists In Reinsurer’s Breach Of Contract Case, Insurer Says

Mealey's (May 6, 2020, 2:13 PM EDT) -- NEW YORK — A Puerto Rico insurer argues in a May 4 reply brief to a New York federal court that a Bermuda reinsurer’s breach of contract case over improper asset divestments for a reinsurance trust should be arbitrated because there is a valid arbitration clause in their reinsurance agreement (PB Life and Annuity Co. Ltd. v. Universal Life Insurance Co., No. 20-02284, S.D. N.Y.)....

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