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Mealeys

Mealey's Insurance - Judge Extends Time For Japanese Insurer To Answer Reinsurer's Complaint

NEW YORK - A New York federal judge on Feb. 7 granted a Japanese insurer's request for more time to answer a reinsurer's complaint seeking an order of specific performance under reinsurance and retrocession agreements over the release of excess assets in an operating account (TAKATA Reinsurance Inc. v. AIU Insurance Company Ltd., No. 19-04586, S.D. N.Y.).
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