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June 9, 2004
 
 
US court ruling goes against Centre Solutions
 
Intro:
Centre Solutions (US) Ltd., the Bermuda-based insurer which has effectively been in run-off since 2002, may face a policy claim for $421 million following an adverse court ruling in the United States.
 
Excerpt: This is according to a report in InsideBermuda, the monthly newsletter covering international finance issues related to the market here published by Miami-based KYC News Inc. In the ruling, which was issued on April 23, 2004, ZC Specialty Insurance Company (ZCSIC), a Centre Solutions insured, was held liable for the debts of a failed nursing home operator, Senior Living Properties LLC (SLP).
 
 

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