Japanese Reinsurer Reaches Settlement in Security Dispute with Insurer



DOCUMENTS
  • Order


NEW YORK — A New York federal judge has dismissed a lawsuit accusing a Japanese insurer of breaching a security trust agreement by refusing to release nearly $20 million in assets from Takata Reinsurance Inc. (TKRI)’s operating account.

In a June 22 order, Judge J. Paul Oetken of the U.S. District Court for the Southern District of New York explained that TKRI and AIG General Insurance Company Ltd. (AIG Japan) have reached a settlement in principle.

From 2001 to 2015, Takata Corp., a Japanese automotive safety system manufacturer, was insured under a global commercial general liability program. AIG Japan …

FIRM NAMES
  • Baker & McKenzie





UPCOMING CONFERENCES




HarrisMartin's Webinar Series: TDF HIV Litigation

November 11, 2020 - Haddonfield, NJ
HarrisMartin Webinar Series

MORE DETAILS



HarrisMartin's Webinar Series: The Paragard IUD Litigation

November 10, 2020 - Haddonfield, NJ
HarrisMartin Webinar Series

MORE DETAILS