Insurer Fights $3.8M Agribiz Claim Over 'Misdelivered' Goods

By Silvia Martelli (November 17, 2021, 5:03 PM GMT) -- Barents Re is fighting a $3.8 million claim from AMS over a fertilizer sale that the reinsurer guaranteed, saying it does not owe the Swiss agribusiness any money because it failed to deliver the goods to the buyer.

Barents Re Insurance Co. Inc. said that it doesn't have to pay AMS Ameropa Marketing And Sales AG under a guarantee contract because AMS "misdelivered" the fertilizer purchased by Lebanon-based Sustainable Trading SAL to someone else, according to its defense filed in the High Court on Sept. 30, which has now been made public.

The agribusiness also failed to provide the buyer with...

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