Reinsurer’s Former Agent To Receive More Than $34.96M In Settlement Of Breach Case

Mealey's (October 17, 2022, 9:55 AM EDT) -- NEW YORK — A foreign reinsurer and its former U.S. agent have resolved their breach of contract dispute in a settlement and release agreement under which the former agent will receive more than $34.96 million, and a New York federal court is being asked to retain jurisdiction to enforce the agreement....