Reinsurance Trust’s Investors Say Insurer, Reinsurer’s Suit Must Be Dismissed

Mealey's (May 18, 2021, 1:37 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 be dismissed because the insurer and reinsurer fail to allege facts in support of their claims that the investors breached their contractual and fiduciary duties under a promissory note, the investors maintain in a May 17 reply in support of their motion to dismiss....