PB Life and Annuity Co. Ltd. v. Universal Life Insurance Company
Case Number:
1:20-cv-02284
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July 10, 2020
Life Insurance Co. Wants $524M Award OK'd
Universal Life Insurance Co. is urging a New York federal court to enforce a $524 million arbitral award against a Bermuda insurance company following a dispute that arose after its controlling owner, who was convicted earlier this year of federal bribery charges, allegedly improperly drained assets from an underlying trust account.
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April 22, 2020
Insurer Wants Reinsurance Trust Acct. Fight In Arbitration
Universal Life Insurance Co. is urging a New York federal court to force a Bermuda insurer to arbitrate a dispute that arose after its controlling owner, who was convicted last month of federal bribery charges, allegedly improperly transferred assets away from an underlying trust account.