Receiver: Modified Rehab Plan For Reinsurer Would Raise Rates For Some YRT Business

Mealey's (July 7, 2022, 12:56 PM EDT) -- WILMINGTON, Del. — The receiver for Scottish Re (U.S.) Inc. in Rehabilitation (SRUS) on June 30 asked a Delaware state court to approve a modified plan of rehabilitation that includes remediative rate increases (RRIs) to correct the “underpricing” of some of its Yearly Renewable Term (YRT) business that was deemed largely responsible for the reinsurer’s financial distress....