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Superior Nat'l Settles with American Re

Thursday, January 20, 2000 | 0

IMMS 1/20/00:Workers Compensation carrier Superior National Insurance Group Inc. has settled a $175 million reinsurance dispute with Inter-Ocean Reinsurance Co. Ltd. and American Re-Insurance Co. over contracts stemming from Superior's 1998 takeover of Business Insurance Group Inc. (BIG). Superior had been in arbitration with Inter-Ocean and sued American Re, charging them with refusing to honor reinsurance contracts covering adverse loss development at BIG....

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