Trenwick Group

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Trenwick & Annuity and Life dropped from Bermuda Insurance Index

Struggling Bermuda insurers the Trenwick Group and Annuity & Life Re have been dropped from the Bermuda Stock Exchange Bermuda Insurance Index, while Montpelier Re has been added."This announcement is made in accordance with Section 4.2 of the Ground Rules,

Trenwick Group seeks $55 million from European Re

Trenwick Group Ltd. has started an arbitration proceeding seeking $55 million in damages and other relief against European Reinsurance Company of Zurich, a subsidiary of Swiss Reinsurance Company.The claims arise out of European Re's alleged failure to meet its obligations under a Catastrophe Equity Securities Issuance Option Agreement with Trenwick, stated a Trenwick press release dated July 1.