Antares Reinsurance Company Limited v. Clear Blue Insurance Company
Case Number:
3:25-cv-00517
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Firms
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October 07, 2025
Reinsurer Resists Arbitration In $7M Letter Of Credit Fight
A Qatari insurance conglomerate's reinsurance unit told a North Carolina federal court that its dispute with a domestic insurer over the insurer's roughly $7 million letter of credit drawdown shouldn't go to arbitration, arguing that a contract the insurer relies on is "wholly unrelated" to the letter of credit.
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July 18, 2025
Insurer Improperly Took $7M From Letter Of Credit, Court Told
A unit of a Qatar-based insurance company accused a U.S.-based insurer in North Carolina federal court of improperly drawing down roughly $7 million from a letter of credit that was part of one set of reinsurance transactions to pay for its obligations under another completely separate reinsurance transaction.