CIGNA

Just three months before its claim for hundreds of millions of dollars in damages is due to be tried, Mutual Risk Management Ltd. is involved in a discovery dispute with John Hancock Life Insurance Company.In a filing at the U.

ACE Ltd. filed a civil complaint against CIGNA on December 11, 2000 alleging breach of contract stemming from its $3.45 billion acquisition of CIGNA's property and casualty business in July, 1999. ACE is seeking compensatory damages of $218 million, comprising $170 million in alleged over-valuation of the acquired business and $48 million under a Tax Sharing Agreement. ACE is also asking for a declaration that it is not liable to CIGNA for any additional tax liabilities.

Criminal Indictment in USA v. Zenichi Konishi and John Doe, a.k.a. Steven Baker, at the U. S. District Court for the District of Delaware.