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    Allied World Assurance sued for alleged non-payment of $886,000 claim

    Bermuda based Allied World Assurance Company Ltd. is being sued in the United States for allegedly failing to pay a reinsurance claim of $886,000.Details are contained in a civil complaint filed against AWAC by OneBeacon Insurance Company, domiciled in Pennsylvania

    Bermuda News Briefs: April 30, 2004

    Bermuda News Briefs: Half of the 37,000 registered trademarks in Bermuda have been lost from the computerized Trademark Registry following a crash, The Royal Gazette newspaper reported on March 27, 2004; Centre Reinsurance International Co. has obtained a judgment for $4.4 million against Margent Group Inc. and Thomas G. Brown; Oil Insurance Limited announced on April 6 that two more energy companies had joined, continuing the recent trend of additions to its membership; AXIS U.S. Insurance has expanded its professional lines capabilities with the formation of a new professional liability unit and the establishment of a dedicated unit for financial institutions business; XL Capital Ltd. announced on April 19 that it would enter into the market for primary casualty risk management programs for major U.S. corporations; and details of several lawsuits involving Bermuda-domiciled firms that have been filed in the USA.