ALEXANDER & ALEXANDER SERVICES INC V LLOYD’S SYNDICATE 317

(1994) 3 Re LR 175

United States Court of Appeals Second Circuit

Before Kaufman, Feinberg and Walker Ct JJ

Lloyd’s - United States - New York - Foreign syndicate of underwriters - Whether syndicate subject to suit of New York courts as result of American Trust Fund on deposit at New York bank.

Jurisdiction - New York - Lloyd’s syndicate - Whether Lloyd’s syndicate subject to suit in New York courts on basis of American Trust Fund on deposit at New York bank, into which portion of underwriters’ premium income derived from underwriting of New York risks was deposited, and without which, under New York insurance law, New York licensed insurance brokers and companies could not do business with syndicate.