Bankruptcy Judge: Stay In Reinsurer’s Proceeding Does Not Bar Insurer’s Reimbursement

Mealey's (October 31, 2019, 10:51 AM EDT) -- NEW YORK — A New York bankruptcy judge on Oct. 8 confirmed that an automatic stay issued in a reinsurer’s bankruptcy proceeding does not preclude an insurer from reimbursing defense costs (In re Beechwood Re, No. 19-11560, Chapter 15, S.D. N.Y. Bkcy.)....