Intermediary Claims Breach Of Contract Against Foreign Reinsurer Over Commissions

(February 9, 2022, 10:36 AM EST) -- NEW YORK — An intermediary that helps clients access the U.S. program reinsurance market sued a foreign reinsurer in New York federal court on Feb. 4, alleging that the reinsurer “purported to terminate the binding authority agreements and now refuses to pay” the agreed commissions....

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