Businessman Files Fraud Counterclaim In Lawsuit Over Reinsurer’s $34M Guaranty

( May 29, 2026, 1:00 PM EDT) -- NEW YORK — A Florida businessman sued by a reinsurer over an allegedly breached $34.4 million limited guaranty tied to a defaulted credit facility has filed a fraudulent inducement counterclaim in New York federal court, asserting that he executed the guaranty and participated in the loan transaction in reliance on collateral-related representations that were false and made with the knowledge and participation of affiliates involved in the transaction....