Sturge Names in lawsuit

Sturge Names in lawsuit

The Sturge Names Action Group said last night it had issued legal proceedings against the City law firm Clyde & Co - the first group of Lloyd's names to sue a firm of solicitors. The action concerns the decision by Sturge to commute a reinsurance policy in return for $80 million. The policy gave unlimited protection to syndicate 210 against exposure to US asbestosis and pollution claims prior to 1969. Clyde & Co, who advised Sturge managing agents, said it had not seen the writ, so could not comment on its contents.