Insurer, Reinsurer Say Facts Support Allegations Against Reinsurance Trust’s Investors

(May 5, 2021, 11:07 PM EDT) -- NEW YORK — An insurer and reinsurer’s second amended complaint filed in New York federal court seeking to enforce a promissory note worth more than $4.6 million tied to a reinsurance arrangement for an in-force book of disability income business should not be dismissed because the insurer and reinsurer have sufficiently alleged facts in support of their claims that the investors breached their contractual and fiduciary duties under a promissory note, the insurer and reinsurer claim in an April 26 response to the investors’ motion to dismiss....