Surety Obligates Itself To Pay Judgment To Liquidator In Reinsurance Dispute

Mealey's (March 16, 2017, 8:06 AM EDT) -- NEW YORK — A surety told a federal court in New York on Feb. 14 that it has agreed to obligate itself to cover the possible judgment of a breach of contract case brought against the reinsurer by the liquidator of an insolvent insurer (Roger A. Sevigny, the Commissioner of Insurance of the State of New Hampshire, as Liquidator of The Home Insurance Company v. Trygvesta Forsikring A/S, as successor in interest to Skandinavia Insurance Company Ltd., No. 16-cv-04874, S.D. N.Y.)....