Run-Off Insurer Seeks To Add Claims In Case Over Funds Mismanagement

Mealey's (December 21, 2018, 9:08 AM EST) -- NEW YORK — A run-off insurer in a Dec. 15 motion seeks to add a fraudulent inducement claim regarding a $50 million investment against an individual defendant as well as civil conspiracy, aiding and abetting the breach of fiduciary duty and fraud claims to its New York federal court lawsuit against a reinsurer and its entities (Senior Health Insurance Company of Pennsylvania v. Beechwood Re Ltd., et al., No. 18-6658, S.D. N.Y.)....