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Discovery ends in Hannover Re/Clarendon dispute

Discovery in a $75 million legal dispute concerning the 1999 sale of Clarendon Insurance Group Inc. to Hannover Re was due to be concluded by June 30, 2005. In one of the final acts of discovery, Judge James Francis ruled on May 23, 2005 that Hannover Re employee Trevor Bolt must submit to a deposition.

Martin Hoffman criminally indicted in New York

A broker who once threatened to sue OffshoreAlert for libel and who has been active in the Bermuda market has been indicted for allegedly defrauding the Clarendon Insurance Group of $9 million and causing it $20 million of losses from

Stockholm Re creditors to receive 30 cents on the dollar

Creditors of Stockholm Re (Bermuda) Ltd., which went into liquidation in January, 1995, are likely to receive just 30 cents on the dollar when all is said and done. A spokesman for liquidator Deloitte & Touche in London said that a dividend of 20 cents on the dollar was paid to creditors at the end of May, 2001, with a second dividend due to follow later this year.