Arch Reinsurance

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    Reinsurers seek to avoid $30 m-plus claims by chemicals manufacturer

    Fourteen reinsurers, including four based in Bermuda, has brought a legal action against a New York Stock Exchange listed chemicals manufacturer and its captive insurer in an attempt to avoid paying claims totaling more than $30 million arising from Hurricane

    US subcontractor sues Aspen Insurance subsidiary for $384,000

    A California based subcontractor is suing a British subsidiary of Bermuda based Aspen Insurance Holdings Ltd. for damages of at least $384,000, alleging the insurer refused to meet a litigation related claim. Pengilly Masonry, Inc., a California corporation, filed a

    US construction firms sue Arch Capital subsidiaries

    Two subsidiaries of Bermuda-based Arch Capital Group Ltd. are being sued in the United States in a dispute over construction performance bonds. Arch Insurance Co. and Arch Reinsurance Co. were named as the only defendants in a civil complaint that was filed at the 250th Judicial District Court of Travis County, Texas on October 9, 2007 and later transferred by the Arch companies to the U. S. District Court for the Western District of Texas on November 8, 2007.

    Bermuda insurers attempt to force arbitration on NYSE-listed firm

    Reinsurers in Bermuda and elsewhere are seeking to force a Vermont based captive and its NYSE listed parent to arbitrate a dispute involving claims from a fire at a chemical manufacturing plant.A motion to compel arbitration was filed against International

    Arch Capital subsidiaries sued for up to $34 m

    Two U. S. subsidiaries of Bermuda-based Arch Capital Group Ltd. are being sued for up to $34 million in compensatory damages for allegedly failing to honor a construction bond. Details are contained in a civil complaint that was filed by Whitlock Mills LP, a Maryland limited partnership based in Columbia, Maryland, at the U. S. District Court for the District of New Jersey on December 29, 2006.