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    Articles Bermuda Insurance USAJune 30, 2001

    International Risk Management Group fighting $200 m lawsuit

    mm
    By
    23 years ago

    Topics

    Bermuda Insurance USA

    Keywords

    Alexander & Alexander of California Inc. Aon Bermuda Insurance Market Emett & Chandler Inc. International Risk Management (Bermuda) Ltd.
    International Risk Management Group Jardine Insurance Brokers Inc. Kennecott Corporation Minet Ltd. Rio Tinto PLC Three Crowns Insurance Company Ltd.
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    Captive manager International Risk Management (Bermuda) Ltd. is fighting a $200 million lawsuit filed in the United States by British-based minerals giant Rio Tinto PLC.In the lawsuit, IRMBL has been accused of mismanaging Rio Tinto’s Bermuda-registered captive, Three Crowns Insurance Company Ltd., by failing to obtain adequate reinsurance coverage.Other defendants are Three Crown’s reinsurance brokers: Minet Ltd., Alexander & Alexander of California Inc., Jardine Insurance Brokers Inc., Emett & Chandler Inc., Aon Risk Services Inc. of Northern California Insurance Services and Aon Corporation.