STORY FROM: Reinsurance & Arbitration

Odyssey Re Seeks Disbursement of Funds from Court Registry in $3.2 Million Fraud Action

SAN DIEGO — Odyssey Reinsurance Co. is urging a California federal judge to authorize payment of $734,702.68 to it in partial satisfaction of a $3.2 million judgment rendered against Cal-Regent Services Corp., arguing that the funds are not required to remain in a court registry until a final judgment is issued.

In a June 29 brief filed in the U.S. District Court for the Southern District of California, Odyssey Re also urged Judge Barry Moskowitz to assign to it the right to collect directly from AmTrust North America Inc. up to $370,714.13 in additional sums that AmTrust may owe to ...

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