Liberty Mutual Insurance

Two US based insurers have filed a petition to confirm an arbitration award against reinsurers domiciled or based in Bermuda, France, Germany, Switzerland, the United Kingdom and the USA.The petition was filed by Clearwater Insurance Company, formerly known as Skandia

Retail giant Sears, Roebuck and Co. and related companies have filed a complaint in Atlanta in which they are seeking hundreds of millions of damages against insurers in Bermuda and elsewhere concerning an alleged bid rigging scheme involving brokers Marsh

A United States-based captive insurer of The Dow Chemical Company has taken legal action against several subsidiaries of Bermuda reinsurers in an attempt to slash the number of proposed arbitrations that will hear hurricane claims disputes totaling over $200 million.

AlphaStar Insurance Services Inc., formerly Stirling Cooke Insurance Services Inc., has been named as a defendant in a civil lawsuit filed in the United States by a construction group. The complaint was filed at the U. S. District Court for the District of New Jersey on June 30, 2003 by Casalino Interior Demolition Corp., Castle Demolition Corp., formerly Casalino Demolition Corp.; Sajac Management Corp., Castle Sanitation Corp., formerly Casalino Sanitation Corp.; Citywide Recycling Corp. and Casalino Construction Corp. of New York, all registered in New York.

Overseas Partners Limited expects to lose about 35 per cent of its annual premium volume as a result of the US Internal Revenue Service's recent favorable tax ruling over United Parcel Service of America, whose shipper's risk program is OPL's biggest source of revenue. The annual dollar cost to OPL is likely to be in the region of $370 million in lost premiums and approximately $200 million of net income, according to the company's own estimates.