Liability Insurance Company, a General Electric company, by Lloyd's of London underwriters, together with Allstate Insurance Company, General Reinsurance Corp. and Kemper Reinsurance Company.

The reinsurers have complained to a Massachusetts state court about the re-location of Electric Mutual to Bermuda.

The Boston Globe has reported that the companies are asking that there be a re-evaluation of the Massachusetts Division of Insurance's June decision to allow that move.

The reinsurers claim that four months after the company moved here, it filed a winding up petition, which the companies say exposes them to a legal system that gives them significantly more liability than US law does.

Bermuda law, they say, exposes them to "speculative'' claims anticipated by Electric Mutual, while payments in Massachusetts are based on actual losses.

Business Insurance reported that the winding up petition was filed because of roughly $750 million shortfall in reserves for GE-related asbestos and environmental claims.

GE Global Insurance Holding Corp. filed with the Securities and Exchange Commission this month to sell as much as a billion dollars of debt securities.

Law firm Appleby, Spurling & Kempe are representing joint provisional liquidators, Mr. David Lines, Mr. Peter Mitchell of Coopers & Lybrand Bermuda and Mr. Christopher Hughes of Coopers & Lybrand UK.