Aneco Re wins ruling over Johnson & Higgins

Bermuda-based Aneco Reinsurance Underwriting Ltd., which went into liquidation in 1991/92, has won a House of Lords ruling that might render it solvent.In a decision dated October 18, 2001, the House of Lords dismissed by four to one an appeal by broker Johnson and Higgins against a lower court’s decision to award $35 million to Aneco Re.