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    Articles Bermuda Insurance Listed Securities USAOctober 5, 2006

    ACE, Odyssey Re & others lose $175 m arbitration award hearing

    mm
    By
    16 years ago

    Topics

    Bermuda Insurance Listed Securities USA

    Keywords

    ACE Ltd. American Home Assurance Company Bermuda Insurance Market CGU International Insurance Plc ERC Frankona Reinsurance (III) Limited
    Euler Hermes UK Plc Liberty Mutual Insurance Europe Limited Markel International Limited Odyssey Re (Bermuda) Management Limited QBE (Europe) Limited Royal & Sun Alliance Reinsurance Limited Sphere Drake Insurance Limited Sphere Drake Underwriting Management
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    A United States court has entered an order confirming a $175 million arbitration award in favor of an AIG-subsidiary against several insurers, including two that are based in Bermuda.The U. S. District Court for the Southern District of New York issued a judgment for American Home Assurance Company on September 21, 2006 – 16 days after the petition was filed.