STORY FROM: Reinsurance & Arbitration
Home Liquidator Seeks to Assert Additional Claim of $362,788 Against Reinsurer in N.Y. Federal Action
May 11, 2017
NEW YORK — In a dispute over reinsurance proceeds allegedly owed to the estate of The Home Insurance Co., the insurer’s liquidator has informed a New York federal judge that it intends to seek leave to amend its complaint against reinsurer Tryg Forsikring A/S to assert an additional claim of $362,787.84.
In an April 28 letter filed in the U.S. District Court for the Southern District of New York, the liquidator added that it will also seek additional security in that amount.
The liquidator accuses Tryg of breaching three facultative reinsurance certificates issued to The Home in the 1960s by ...
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