Parties Stipulate To Withdrawal Of Reinsurer’s Appeal Over $524M Arbitration Award

Mealey's (November 11, 2021, 3:02 PM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals on Nov. 5 entered a stipulated order withdrawing a Bermuda reinsurer’s appeal related to the confirmation of a $524 million arbitration award issued in favor of a Puerto Rico life insurer in a dispute over alleged improper asset divestments for a reinsurance trust....