Suit Against Captive Reinsurer, Others Follows Alleged Board Upheaval

( October 14, 2024, 2:20 PM EDT) -- WASHINGTON, D.C. — Alleging in part that board upheaval left a captive reinsurer “under the management of inexperienced board members,” a risk retention group (RRG) sued three entities it claims it long had a close relationship with, asserting claims in a District of Columbia federal court for breach of contract, breach of the covenant of good faith and fair dealing and tortious interference with business relations....