Captive Reinsurer Seeks Intervention In $5M Reinsurance Default Suit

( August 20, 2026, 8:43 AM EDT) -- LOS ANGELES — A captive reinsurer moved to intervene in a California federal court in an insurer’s breach of guaranty action against captive program members, arguing that the insurer’s recently filed motion for summary judgment would require the court to interpret their underlying reinsurance agreement, including how the reinsurer’s annual aggregate liability should be calculated and whether the insurer complied with its contractual good faith obligations....