Multinational Insurance Co. Obtains Favorable Settlements
Key Facts
- Represented a leading insurance company and a number of its affiliates in a series of litigation and arbitration proceedings
- Counterparties based in the United States and UK
- Matters collectively valued at over $30M
The Situation
Mintz represented a major multinational insurance corporation and its affiliates in a series of matters in New York state court and in arbitration venues seeking collection of reinsurance balances in excess of $30 million arising out of the settlement of several large asbestos exposures.
The Outcome
Following several years of discovery, extensive motion practice, oral arguments, numerous rulings, and dozens of depositions, the matters each settled on extremely favorable terms for our clients.
Supporting Professionals
Marc Abrams and David Barres, Members in the firm’s Litigation Practice, counseled the client and its affiliates through years of litigation to achieve this enormous victory.
