Steel Maker Says Settlement With Insurer Triggered Reinsurer’s Indemnity Duties

Mealey's (July 31, 2017, 12:14 PM EDT) -- NEW YORK — A steel maker argues in its July 21 reply brief to a New York federal court that its settlement agreement with an insurer triggered a reinsurer’s indemnity obligations under an arbitration award because it liquidated the steel maker’s claim (National Indemnity Co. v. IRB Brasil Resseguros S.A., No. 15-3975, S.D. N.Y.)....