‘Elaborate shell game’

American International Group ( AIG) has been joined by Chubb subsidiary Northwestern Pacific Indemnity in suit against Cigna and a former subsidiary INA. This arose from the establishment of a separate division to limit losses from pollution and asbestos claims. Last July, Cigna sold INA to Bermudian insurer Ace for US$3.45bn, its policies, including pollution and asbestos, having been transferred into Century Indemnity, itself part of Brandywine Holdings also acquired by Ace.