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XL & other Bermuda-related firms sued for $32.4 m in Texas

XL Insurance (Bermuda) Ltd. and other companies with Bermuda connections are being sued for $32.4 million in the United States regarding the alleged non-payment of a business interruption claim. The complaint was filed at the District Court of Harris County, Texas, 113th Judicial District on December 5, 2005 and transferred to the U. S. District Court for the Southern District of Texas on April 7, 2006 following an application by XL.

Bermuda insurers sued in $350 m-limit policy dispute

A New Jersey based manufacturer has sued several insurers, including two that are incorporated in Bermuda, in an attempt to enforce a $350 million limit insurance policy.Formosa Plastics Corporation USA claims they have breached the terms of the contract concerning

Stirling Cooke plans name change to ‘Atlantic Star Insurance’

Stirling Cooke Brown Holdings plans to change its name to Atlantic Star Insurance Group Limited as part a re-branding of the beleaguered broker. Shareholders will vote on the name change at the company's annual general meeting on May 23, according to the company's recent Proxy filing with the SEC.