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.
Articles Bermuda Insurance Listed Securities USAFebruary 9, 2007
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Arch Capital Group Ltd. Arch Insurance Arch Reinsurance Bermuda Insurance Market Whitlock Mills LP