October 07, 2025
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.
July 18, 2025
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.