Lower Court Misinterpreted Reinsurance Contract, Insurer Tells 5th Circuit

( June 23, 2025, 8:17 AM EDT) -- NEW ORLEANS — Contending that a district court misinterpreted three provisions of a 2017 reinsurance authorization agreement and erroneously granted a reinsurance broker’s motion to dismiss, a homeowners insurer filed an appellate brief in the Fifth Circuit U.S. Court of Appeals challenging the dismissal of its breach of contract claim stemming from the collapse of Vesttoo Ltd....

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