Insurer Says Insured Does Not Rely On Reinsurance Agreements In $26M Case

Mealey's (December 6, 2017, 10:17 AM EST) -- WASHINGTON, D.C. — A financial services company abandoned reliance on reinsurance agreements in its lawsuit seeking to recover a $26 million arbitration award directly from reinsurers, a credit insurer argues in a Dec. 1 reply brief to a District of Columbia federal court, seeking dismissal of the breach of contract lawsuit (Vantage Commodities Financial Services I, LLC v. Assured Risk Transfer PCC, LCC, et al., No. 17-01451, D. D.C.)....