Bermuda insurers sued for $100 m by Citigroup

By David Marchant

18 years ago

Topics

Bermuda Insurance Listed Securities

Keywords

ACE Insurance ACE Ltd. Bermuda Insurance Market Chubb Atlantic Indemnity Ltd. Federal Insurance

National Union Fire Insurance Company of Pittsburgh PA SR International Business Insurance Company Ltd. St. Paul Mercury Insurance Starr Excess International Limited Steadfast Insurance Twin City Fire Insurance

[ 6 more... ] [ top 5 ]

Three Bermuda-based insurers are being sued by Citigroup Inc. for allegedly failing to honor up to $100 million of claims concerning the settlement of litigation for the alleged mis-selling of financial products.
Citigroup Inc., a Delaware corporation based in New York, as successor in interest to Associates First Capital Corporation, filed a civil complaint at the 164th District Court of Harris County, Texas on October 23, 2006, with the case being transferred to the U. S. District Court for the Southern District of Texas on November 17, 2006.

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