( November 3, 2025, 2:29 PM EST) -- NEW YORK — An insurance services firm, its captive affiliate and its general counsel say in an opposition memorandum filed in a New York federal court that a motion for a preliminary injunction and expedited discovery filed by four insurers alleging mismanagement of a captive program should be denied, arguing that the claimed harm is speculative and that the insurers themselves breached the reinsurance agreement by over-ceding losses beyond contractual limits....