Insurer Denies Breach With Reinsurance Broker, Withholding Of $770,000

Mealey's (December 1, 2020, 12:56 PM EST) -- NEW YORK — An insurer responds in a Nov. 24 answer to Guy Carpenter & Co. LLC’s New York federal court lawsuit, denying that it breached its contract with the reinsurance broker and that it improperly retained $770,000 of brokerage over the broker’s placement of reinsurance (Guy Carpenter & Company, LLC v. Safepoint Insurance Company, No. 20-8063, S.D. N.Y.)....