Reinsurer’s Receiver Tells Delaware Court Of Negotiations With ‘Major Counterparty’

Mealey's (April 17, 2023, 1:03 PM EDT) -- WILMINGTON, Del. — In an April 14 update to the Delaware Court of Chancery on addressing the impact of higher-than-expected mortality due to the COVID-19 pandemic and other causes on a proposed rehabilitation plan, the receiver for Scottish Re (U.S.) Inc. in Rehabilitation (SRUS) reports pursuing negotiations with “a major counterparty."...