After Forced Deal, Insurer Sues Reinsurer’s Former Parent Company In Federal Court

(July 29, 2024, 9:22 AM EDT) -- NEW YORK — Alleging a “$300 million fraud,” an insurer sued a holding company in New York federal court, asserting claims for securities and common-law fraud and breach of contract in connection with the insurer’s April 14 purchase of Bermuda-based reinsurer JRG Reinsurance Company Ltd....