Parties In Receiver’s Suit Against Captive Manager Reach Settlement Agreement

Mealey's (May 24, 2022, 10:45 AM EDT) -- NEW HAVEN, Conn. — The receiver of an insolvent insurer and a professional liability insurer of a captive manager on May 4 issued a joint status report advising a Connecticut federal court that they had settled a coverage lawsuit filed by the receiver, subject to the approval of the Delaware Chancery Court because the insolvent insurer is in liquidation proceedings there and subject to the Chancery Court’s “oversight.”...