Johnson & Higgins

Aneco Re wins ruling over Johnson & Higgins

October 31, 2001

Bermuda-based Aneco Reinsurance Underwriting Ltd., which went into liquidation in 1991/92, has won a House of Lords ruling that might render it solvent.In a decision dated October 18, 2001, the House of Lords dismissed by four to one an appeal by broker Johnson and Higgins against a lower court's decision to award $35 million to Aneco Re.

Aneco Re wins $35 m UK court decision against Johnson & Higgins

August 31, 1999

Aneco Reinsurance Underwriting, the Bermuda-based reinsurance group that went into liquidation in 1992, has won US$34.98 million in damages for negligent advice given by US brokerage Johnson & Higgins, reported the Financial Times on July 31, 1999. The broker was also held to be liable for the insurer's losses.

John Goldberg ousted from Johnson & Higgins

September 22, 1995

John Goldberg has been replaced as head of J&H Intermediaries, the Bermuda broking unit of insurance firm Johnson & Higgins, and transferred to the firm's offices in New York.His position in Bermuda is being taken by Dick Southworth, who is relocating from J&H's Cleveland office.

Bermuda firms battle for share of COFR market

December 22, 1994

Insurance executives aligned to two groups in Bermuda have been working frantically over the last few weeks to provide the first certificates of financial responsibility now required of shipowners whose vessels will enter US waters. Up for grabs are tens of millions of dollars in annual premiums. David Marchant looks at Bermuda's newest reinsurance product and assesses the winners and losers.