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Pennsylvania Insurance Department Press
Release:
COURT GRANTS PA
INSURANCE DEPARTMENT'S
PETITIONS FOR REHABILITATION OF LEGION AND VILLANOVA INSURANCE COMPANIES
Legion Companies:
Mutual Risk
Management (MRM) Ltd., a Bermuda-based company, is the parent company of
Legion Companies.
Legion
Insurance Co. (Admitted in all 50 states)
Legion
Indemnity Co. (Not admitted in any state; domiciled in Illinois)
Villanova Insurance Co. (Admitted in all states except Florida, Kansas,
Michigan and Utah)
Orders:
Order of Rehabilitation for Legion Insurance Company
Order of Rehabilitation for Villanova Insurance Company
Consent
Agreement with the State of Maine (11/2/2001)
Legion Villanova Information:
A.M. Best Rating (A.M. Best)
Legion Villanova
Website
Legion Villanova News:
A.M. Best Downgrades Rating for Legion Group and Places I.P.C.
Under Review (Business Wire 03/29/2002)
A.M.
Best Places Rating for Legion Insurance Under Review
(Yahoo! 12/19/2001)
Fitch Rates Mutual Risk Management's Sub. Debt 'CC'
(Business Wire 2/22/2002)
Mutual Risk Mgmt.: 2 US Units Placed into Rehabilitation (Wall Street
Journal On-Line)
Mutual Risk Management Announces Legion Companies to Enter
Rehabilitation; New CFO Appointed (Business Wire
3/29/2002)
Mutual Risk Management Announces Completion of Hemisphere Sale
(Business Wire 3/29/2002)
Mutual Risk Management Announces Sale of Hemisphere Management
Subsidiary; Retains Investment Banking Firm to Assist in Restructuring
(Business Wire 3/7/2002)
Mutual Risk Management Reports Downgrade of Insurance Company
Ratings by A. M. Company (Business Wire 2/19/2002)
S&P Lowers Mutual Risk Ratings and Keeps Them on Watch
(Business Wire 2/22/2002)
State
takeover looms for two area insurers (Philadelphia Inquirer)
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