Insurer’s Reconsideration Bid Denied In Suit Over Forced Deal Involving Reinsurer

( December 11, 2025, 9:36 AM EST) -- NEW YORK — A New York federal judge denied an insurer’s motion for reconsideration of the dismissal of its federal securities law claims, finding that the insurer failed to identify any controlling authority or factual matter the court overlooked and that the insurer’s allegations of domestic misrepresentations and closing-related conduct tied to the court-compelled April 2024 purchase of JRG Reinsurance Co. Ltd.’s equity did not alter the conclusion that the claims are impermissibly extraterritorial....