The Final General Meeting of Y-Mutual Insurance Ltd. (“Y-Mutual”) was held in Bermuda on November 9, 2011 at which time the captive reinsurer, owned by member YMCA organizations throughout the United States, was liquidated on a solvent basis Y-Mutual was…

Rothseid’s role on GTE REinsurance Company closure acknowledged

In an April 25, 2011 Decision, the Superior Court of Rhode Island granted the Motion of GTE REinsurance Company Ltd to implement the first US “solvent scheme of arrangement” under the Rhode Island statute “Voluntary Restructuring of Solvent Insurers”.