Mealey's (July 6, 2020, 1:39 PM EDT) -- NEW YORK — A Bermuda reinsurer filed a cross-motion with a New York federal court on July 2 seeking to vacate a $524,009,051.26 arbitration award issued in favor of a Puerto Rico life insurer in their dispute over alleged improper asset divestments for a reinsurance trust (PB Life and Annuity Co. Ltd. v. Universal Life Insurance Co., No. 20-2284, S.D. N.Y.)....