2 Insurers Found Not Liable For Refco D&O Claims

Law360, New York (March 4, 2009, 12:00 AM EST) -- A federal judge has ruled that Allied World Assurance Co. (US) Inc. and Arch Insurance Co. are not required to provide coverage to certain former directors and officers of Refco Inc., but denied XL Specialty Insurance Co.'s bid for the same relief.

Judge Gerard Lynch of the U.S. District Court for the Southern District of New York signed off on a 36-page opinion and order on Monday, granting motions for summary judgment from AWAC and Arch, and denying a motion for summary judgment from XL, in...
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