Receiver’s Determination Proposal In Reinsurer’s Liquidation Draws Feedback

(July 19, 2024, 12:02 PM EDT) -- WILMINGTON, Del. — Standard of review has emerged as an issue of contention in Delaware Chancery Court filings concerning final determination procedures in the liquidation of a life and health reinsurer, with the receiver’s proposal that an abuse of discretion standard be used for his proofs of claim recommendations drawing objections....

Attached Documents

Receiver’s motion to approve final determination procedures
Receiver’s proposal for final determination procedures
Columbian, SCOR and Toa cedents and retrocessionaires’ statement and objections to proposed final determination procedures
Dozens of cedents’ objections to proposed final determination procedures
Hannover and Security’s joinder to Columbian, SCOR, and Toa cedents and retrocessionaires’ statement and objections to proposed final determination procedures
USAA Life entities’ joinder to Columbian, SCOR, and Toa cedents and retrocessionaires’ statement and objections to proposed final determination procedures
BHLN’s joinder to dozens of cedents’ objections to proposed final determination procedures
Granted stipulated schedule for receiver’s four pending procedural motions
Receiver and Nationwide’s granted June 13 stipulation
Receiver and SMIC’s granted July 10 stipulation

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