Reinsurer: No ‘Claw Back’ Payments Reference With Insurance Agent’s Agreement

Mealey's (October 19, 2020, 2:27 PM EDT) -- FORT WORTH, Texas — There is no reference to “claw back” payments in a quota share reinsurance agreement, a Cayman Islands reinsurer tells a Texas federal court in its Oct. 16 reply brief in support of dismissing an insurance agent’s declaratory judgment action regarding potential future demands for the return of any premiums (Contractor Managing General Insurance Agency, Inc. v. Greenlight Reinsurance, Ltd., No. 20-996, N.D. Texas)....