Numerous Entities Raise Objections To Rehabilitation Plan For Reinsurer

Mealey's (October 25, 2022, 2:35 PM EDT) -- WILMINGTON, Del. — On the Oct. 24 objection deadline, numerous entities urged the Delaware Court of Chancery to reject a receiver’s motion for approval of proposed modified plan of rehabilitation for Scottish Re (U.S.) Inc. in Rehabilitation (SRUS), including a combined filing by cedents and retrocessionaires who assert that “it is likely that all creditors would fare materially better in a liquidation.”...

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