Liquidators Note Settlement, Updated Plans In Bermuda Schemes Involving Reinsurer

Mealey's (February 25, 2022, 11:39 AM EST) -- NEW YORK — Announcing a settlement agreement that they say is key to their plan, the joint provisional liquidators (JPLs) for a Bermuda reinsurer and related entities collectively known as CATCo Group on Feb. 23 asked a New York federal bankruptcy court to enter an order giving full force and effect to Bermuda schemes of arrangement and approving releases, permanent injunctions, financing and related relief....

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