A-Cap and regulators pause legal action to mediate 777 Re fallout
May 30, 2025 by Kenneth Araullo
The Utah Insurance Department and A-Cap Group have agreed to pause their legal proceedings and enter mediation over matters connected to 777 Re Ltd., the former Bermuda-based reinsurer at the center of an ongoing regulatory and financial investigation.
The agreement, disclosed in a press release issued by A-Cap, follows a series of actions involving 777 Re and its parent company, 777 Partners. The mediation includes three insurers regulated by A-Cap: Sentinel Security Life Insurance Co., Haymarket Insurance Co., and Jazz Reinsurance Co.
Originally Posted at Insurance Business on May 27, 2025 by Kenneth Araullo.
Categories: Industry Articles
