Judge dismisses Am Re's $115mn contract dispute against GIC after settlement
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Judge dismisses Am Re's $115mn contract dispute against GIC after settlement

Jairo Ibarra
August 10, 2022
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US District Judge Valerie Caproni has dismissed the dispute between Texan specialty agency Am Re Syndicate, and Indian carrier General Insurance Corporation (GIC Re) after the parties reached a settlement agreement.

Am Re sued GIC Re earlier this year in the US District Court for the Southern District of New York for $115mn for breaching its obligation to pay “hundreds of millions of dollars" on business underwritten by the Dallas-based...

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Jairo Ibarra
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