Vantage Commodities Says It Asserted Viable Claim Against Insurer in $25.5 Million Reinsurance Dispute

WASHINGTON, D.C. — Vantage Commodities Financial Services Inc. is urging a Washington D.C. federal court to refuse to dismiss a claim in which Vantage seeks payment of a $26 million judgment following a reinsurance arbitration ruling in its favor.

In a Nov. 3 opposition filed in the U.S. District Court for the District of Washington D.C., Vantage says it asserted a viable claim against Assured Risk Transfer LLC because Assured has aligned itself with the reinsurers by asserting that they owe obligations, if any, to Assured.

Vantage procured the policy from insurer Assured LLC and reinsurers Hannover Ruckverishcerung AG, Partner …