Mutual Risk Management has filed a lawsuit against one of the non-paying reinsurers that it blames for causing the cash-flow problems that led to the group’s collapse.
MRM is seeking compensatory and punitive damages against John Hancock Life Insurance Company, formerly John Hancock Mutual Life Insurance Company, of Boston, Massachusetts.
MRM sues John Hancock for allegedly causing its collapse
20 years ago
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Bermuda Insurance Market David Ezekiel John Hancock Mutual Life Insurance Company Mutual Risk Management Stirling Cooke