Articles Bermuda Insurance Listed Securities USAFebruary 28, 2002

    ACE/XL settle World Trade Center dispute

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    22 years ago

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    Bermuda Insurance Listed Securities USA

    Keywords

    ACE Ltd. Bermuda Insurance Market Silverstein Properties, Inc. XL Capital

    ACE and XL Capital have settled their litigation with the leaseholder of the World Trade Center, Silverstein Properties Inc.
    Under the terms of the deal, ACE will pay $298 million and XL will pay $67 million, the full limits of the policies they underwrote, within 30 days.