Ace Ltd. faces $133m Liberian legal claim again

(The Royal Gazette): Ace Ltd. is being sued for $133 million at the Grand Court of the Cayman Islands by the Receiver of the Liberian operations of Cigna Worldwide Insurance Company — a complaint that has already been rejected twice by US courts. The claim relates to two court awards to claimant insureds against Cigna Worldwide in 2000and 2005 involving liabilities incurred before Ace acquired the Cigna Group for $3.45 billion in July 1999. Go to article