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Storage group sues Bermuda insurers over Hurricane Katrina claims

Several Bermuda insurers have been named as defendants in a Hurricane Katrina related lawsuit filed in the United States.Safeguard Storage Properties LLC and 36 of its subsidiaries have filed a complaint against Endurance Specialty Insurance Company, Axis Specialty Insurance Co.,

Bermuda firms sued over D&O coverage by ex-Enron director

A former director of Enron has taken legal action against three Bermuda insurers and other firms concerning directors and officers coverage.Ken L. Harrison, who was once an Enron director and CEO/President of Portland General Electric Company, an Enron subsidiary, filed a complaint at the U. S. District Court for the Southern District of New York on October 20, 2004.

Transamerica wins arbitration to rescind Stirling Cooke-brokered spiral business

Stirling Cooke Brown Holdings has suffered a major setback in an arbitration held recently in London. The arbitration panel decided by three votes to nil to rescind reinsurance contracts for 1993 and 1994 that the San Francisco-based Transamerica insurance/financial services group had with Duncanson & Holt, Chubb Insurance Group and Chubb-subsidiary Federal Insurance Company.