Legion Insurance and Villanova Insurance insolvent by an estimated $334 m

Two former operating subsidiaries of Bermuda-based Mutual Risk Management Ltd. had a combined net deficit of $334.4 million as of December 31, 2005, according to their liquidator.Legion Insurance Company and Villanova Insurance Company had deficits of $225.4 million and $109 million, respectively, stated their Statutory Liquidator, Pennsylvania Insurance Commissioner Diane Koken, in her report for the fourth quarter of 2005.