American Medical Life Seeks to Depose Former GTL CEO

CHICAGO – American Medical Life Insurance Co. has asked an Illinois federal judge to compel deposition of Guarantee Trust Life Insurance Co.’s former chief executive officer, asserting that he adopted an approved a reinsurance deal that GTL claims never ripened into a contract. Guarantee Trust Life Insurance Co. v. American Medical and Life Insurance Co., No. 10-2125 (N.D. Ill.).

GTL asserts in its June 26 motion, filed in the U.S. District Court for the Northern District of Illinois, that Richard S. Holson III is a “critical witness” because he approved a transaction in which GTL agreed to reinsure risk on …