The complicated legal battle over whether General Electric-subsidiary Electric Mutual Liability Insurance Company Limited should be liquidated in Massachusetts or Bermuda is scheduled to be heard by the Privy Council in London - the highest court in Bermuda's judicial system - next month.In an added twist to a drama whose circumstances change on a regular basis, Kemper Re brought, on February 20, its second lawsuit at Bermuda Supreme Court challenging the decision to allow EMLICO to redomicile to Bermuda.
EMLICO battle goes to Privy Council
25 years ago
TopicsBermuda Insurance Legal Liquidations & Insolvencies
KeywordsBermuda Insurance Market Electric Mutual Liability Insurance Company Limited EMLICO General Electric Kemper Re