Judge: Jurisdiction Exists Over Insurer, Reinsurer’s Suit To Enforce Promissory Note

Mealey's (December 22, 2020, 7:02 AM EST) -- NEW YORK — Following an order to show cause, a New York federal judge on Dec. 15 found that subject matter jurisdiction exists in an insurer and reinsurer’s suit seeking to enforce a promissory note worth more than $4.6 million tied to their reinsurance arrangement for an in-force book of disability income business (Pan-American Life Insurance Company, et al. v. Antarctica Capital Management, LLC, et al., No. 20-9236, S.D. N.Y., 2020 U.S. Dist. LEXIS 236514)....