Insurers In Defense Costs Row Argue Reinsurer ‘Is A Financial Institution’

(January 31, 2023, 1:41 PM EST) -- NEW CASTLE, Del. — Arguing in part that reinsurer Alpha Re “is a financial institution,” three insurers filed counterclaims in a defense costs dispute in the Delaware Superior Court that centers on whether Alpha Re’s 2018 liquidation triggered an exclusion....