( October 15, 2025, 10:19 AM EDT) -- CHARLOTTE, N.C. — As part of a reinsurance dispute over the permissibility of a $7 million letter of credit (LOC) drawdown, an insurer says in a reply filed in a North Carolina federal court that the credit was issued to fund a reinsurer’s obligations under multiple reinsurance contracts, including a 2021 excess of loss (XOL) contract, and contends that because the dispute arises from that agreement, its arbitration clause requires the claims to be resolved through arbitration rather than in court....