Reinsurer Loses Bid To Dismiss Counterclaims In Case Arising From Vesttoo Collapse

( June 11, 2025, 3:59 PM EDT) -- BOSTON — Counterclaims against a commercial reinsurer survived dismissal in litigation connected to the collapse of Vesttoo Ltd., with a Massachusetts state court judge ruling in part that pay-as-paid provisions “protected only the primary insurers, and the ‘follow form’ provision in the Reinsurance Certificates did not rewrite them to protect [the reinsurer] as well.”...

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