Mark Hardy

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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.

Mark Hardy makes applications to Bermuda Supreme Court

September 30, 2001
Mark Hardy made two applications to Bermuda Supreme Court on September 27, 2001 in relation to his former insurance group, which collapsed ten years ago.One of Hardy's legal actions was against Peter Mitchell, as liquidator of Aneco Reinsurance Underwriting Co.

Mark Hardy has work cut out to attract business in Bermuda

October 31, 1998
Businessman Mark Hardy, whose Bermuda based insurance group collapsed over 1990 91, has set himself up in London as a 'Regulatory and Statutory Compliance Consultant' and has started soliciting business from insurers and reinsurers on the island, claiming to have

Mark Hardy’s bankruptcy annulled in the UK

July 31, 1998
The bankruptcy of former Bermuda-based businessman Mark Hardy has been annulled in London, OffshoreAlert can reveal. Creditors of seven failed Hardy companies, including Forum, Focus and Aneco, which were all based in Bermuda, agreed to the annulment three months ago in return for Hardy signing over various assets and debt recovery rights relating to his failed business empire.

Mark Hardy applies for bankruptcy discharge

January 30, 1998
Businessman Mark Hardy, who ran the Bermuda-based Focus/Forum group of insurance companies that went bust in 1990, is seeking to be discharged as a bankrupt in his native United Kingdom.

Mark Hardy apologizes to Bermuda Supreme Court

November 22, 1993
Focus Insurance chief Mark Hardy has publicly apologized to the Supreme Court for disobeying its orders freezing assets he held here and overseas. The verbal apology, which Mr Hardy asked the court to view in light of "horrendous litigation over the last three years", was delivered to the Chief Justice of Bermuda during the course of a two-hour open hearing. Mr Hardy, now an adjudged bankrupt who described himself as "a strong believer in the rule of law", told the court he had been through hell during the last few months because he had been litigating in person.

Mark Hardy will apologize to Bermuda Supreme Court

November 2, 1993
Bankrupt businessman Mark Hardy, the former head of the insolvent Focus Insurance group, is returning to Bermuda - to personally apologize to the Supreme Court for ignoring its orders.The apology will be offered in compliance with a ruling by Britain's Privy Council, the highest court of appeal for litigants in UK protected territories, that Mr Hardy first "purge" his standing with the Bermuda court before the Privy Council hears his appeal.

Mark Hardy declared bankrupt

June 10, 1993
Businessman Mark Hardy, the former chairman of insolvent Focus Insurance, was today adjudged bankrupt by an English court.

Mark Hardy goes into bankruptcy in the UK

June 10, 1993
Focus Insurance chief Mark Hardy was yesterday adjudged bankrupt by an English court.However Mr Hardy, who has long claimed he would not receive justice until a suit for negligence started against him in Bermuda by Focus liquidators was brought before an English judge, warned last night that his legal battle was "far from over".

Focus directors fail to have lawsuit struck out

May 13, 1993
Bermuda Supreme Court Chief Justice Sir James Astwood has refused to strike out a civil action started last summer by the liquidators of Focus Insurance against its former directors and officers.He has ruled that the action contains allegations which, if proved at trial, could show that the directors deliberately disregarded their legal duty to Focus and failed to exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.

Mark Hardy tries to set aside $19.7 m judgment

May 6, 1993
Focus Insurance chief Mark Hardy has begun a legal action in the UK seeking to set aside a $19.7 million summary judgement handed down against him in the Bermuda Supreme Court.

Privy Council asked to rule on level of competence expected of Bermuda directors

December 30, 1992
The Privy Council, the highest court of appeal for litigants in British colonies, is to be asked to rule on the nature and standard of skill, care and expertise which the law requires of directors and officers of Bermuda-based companies.The appeal by Focus Insurance Company liquidators could affect every corporation registered here and may ultimately produce a landmark decision in the development of Bermuda's company law.However, the Privy Council application relies on liquidators David Lines and Peter Mitchell first obtaining leave to appeal a Court of Appeal judgment handed down November 25.

Mark Hardy continues attempt to strike out lawsuit

December 3, 1992
Former Focus Insurance chairman Mark Hardy is seeking leave to appeal to the Privy Council after the Court of Appeal last month dismissed his application to overturn a Supreme Court decision.The lower court had disallowed Mr Hardy's attempt to strike out an action against him by Focus' liquidators, who are seeking $19.7 million from the chairman and other defendants.

Mark Hardy fights committal proceedings

September 21, 1992
Focus Insurance Company chairman Mark Hardy is fighting committal proceedings for alleged contempt of court.Focus liquidators David Lines and Peter Mitchell have begun an action to have Mr Hardy jailed or to receive "other punishment as the court may deem fit" for violating injunctions restricting the use of Mr Hardy's personal assets.

Mark Hardy faces contempt of court proceedings

September 17, 1992
Insurance group chief Mark Hardy is fighting committal proceedings for alleged contempt of court.Liquidators David Lines and Peter Mitchell have begun an action to have Mr Hardy jailed or to receive "other punishment as the court may deem fit".

Six defendants added to Focus Insurance lawsuit in Bermuda

May 20, 1992
Six new defendants who have been added to a suit against the former directors and officers of Bermuda-based Focus Insurance Ltd are not being accused of willful negligence or breach of fiduciary duty - the central allegations in the civil complaint now being brought by Focus' liquidators David Lines and Peter Mitchell.

Brokers collect $5 m for Aneco liquidation fund

March 31, 1992
London Market brokers have collected more than $5 million for the account of the insolvent Bermuda-based Aneco Reinsurance Underwriting Ltd, the first meeting of Aneco creditors was told in Bermuda March 26.However the funds are subject to a "mareva injunction" freezing all Aneco's assets in the United Kingdom, according to provisional liquidator Malcolm Butterfield.

Hardy fails to block appointment of Aneco liquidators

March 26, 1992
Aneco Reinsurance creditors have formally rejected an attempt by Aneco chairman Mark Hardy to block the appointment of liquidators from the accounting firm of Coopers and Lybrand. Attending their first meeting yesterday at the Chamber of Commerce, they voted overwhelmingly that C&L's Peter Mitchell and Christopher Hughes be named joint liquidators of Aneco - formerly one of the leading underwriters of captive reinsurance business in Bermuda.

Aneco Re Chairman to sue

December 12, 1991
Aneco Reinsurance Underwriting Ltd chairman Mark Hardy has instructed his lawyers to commence legal proceedings against the underwriters, cedants and brokers responsible for handling Aneco's property catastrophe book of business. The action, to be brought either in Bermuda or in London, will seek damages in connection with the underwriting and placement of this business with Aneco.