We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Allstate Seeks To Join Chancery Brawl Over Reinsurance Firm

Law360, Wilmington (May 15, 2019, 10:26 PM EDT) -- Allstate Life Insurance Co. moved to intervene late Tuesday in a Chancery Court scramble over the rehabilitation of reinsurance firm Scottish Re (U.S.) Inc. and a Delaware Insurance Department ruling that insurers worry could curb their right to reduce payments to Scottish Re by the amounts it owes to them.

The filing made Allstate the second company asking to intervene in a matter involving the state agency's rehabilitation and receivership order for SRUS, a reinsurer and a non-debtor affiliate of Scottish Holdings Inc., which slipped last month from Chapter 11 to Chapter 7 in Delaware Bankruptcy Court after the collapse of...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!