Travelers Indemnity Company

The former owners of the Clarendon Insurance Group have taken legal action to force Travelers Indemnity and Executive Risk Specialty Insurance to satisfy $25 m of a $92 m judgment in Bermuda arising from a fraud committed by the now-defunct, Goldman Sachs-controlled Stirling Cooke group.

Complaint in Robert D. Ferguson, Kansa International Corporation, Ltd., bankruptcy estate, of Finland; Milo Family Limited Partnership, domiciled in Delaware, based in New York; Imipolex LLC, domiciled and based in Florida, as successor in interest to CJH Investments LP, of Nevada; Omphalos LLC, domiciled in Delaware, based in Florida, all as judgment creditors of Raydon Underwriting Management Company Limited, of Bermuda, v. Travelers Indemnity Company and Executive Risk Specialty Insurance Company at the U. S. District Court for the District of New Jersey.

Endurance American Specialty Insurance Company is being sued for damages of $900,267 in a civil complaint that was filed at the Superior Court for the County of Mecklenburg, North Carolina on July 26, 2010 by Earl Kelley Lane, as Executor

Eight Bermuda based companies are among the defendants in a recently civil lawsuit filed recently by clients of broker Marsh & McLennan who claim they were damaged in a bid rigging scam. One of the plaintiffs is also incorporated in Bermuda.