Stockholder Sues, Seeks Nonpublic Info On Holding Company’s Captive Reinsurer

Mealey's (December 1, 2022, 6:58 AM EST) -- WILMINGTON, Del. — Arguing that a captive reinsurer’s payment of “extraordinary dividends of approximately $1.2 billion in the last two calendar years strongly suggests that [the captive reinsurer] is heavily over-reserved,” a stockholder in its parent company sued in the Delaware Court of Chancery seeking nonpublic information....