Starr Must Cover Costs Of Govt. Probes, Reinsurer Says

By Sophia Morris (March 13, 2017, 7:12 PM EDT) -- Starr Indemnity & Liability Co. has wrongly denied coverage to Beechwood Re for costs the reinsurer faces in responding to investigations by federal regulators, and defending itself in a lawsuit over alleged links to collapsed hedge fund manager Platinum Partners LP, the reinsurer said on Friday in New York. 

Beechwood Re Ltd. and its executives Scott Taylor and Mark Feuer said that they initially sought coverage from Starr Indemnity after receiving a subpoena from the U.S. Securities and Exchange Commission. The reinsurer is also facing investigations by the U.S. Department of Justice, the New York State Department of Financial Services and others....

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