claims that one of them was told by representatives for Electric Mutual Liability Insurance Company (EMLICO) before the company's contentious move from Massachusetts to Bermuda, that EMLICO would go into run-off.

Depositions filed November 7 through lawyers for EMLICO liquidators, involved Mutual Risk Management Ltd. (MRM) chairman, Robert Mulderig and senior vice president, Colin M. Alexander, Business Insurance has reported.

An earlier affidavit from lawyers for EMLICO's reinsurers, advised that Mr.

Alexander had told the lawyers of a conversation he had with EMLICO officials before the firm moved to Bermuda, in which they indicated they would go into run-off.

Reinsurers had seized upon the reported contents of that conversation as evidence that EMLICO had deceived Massachusetts regulators about their solvency at the time of their redomestication, in order to effect the move to a "more creditor friendly'' jurisdiction in Bermuda.

The reinsurers suggest a virtual conspiracy that involved EMLICO and its creditor, General Electric, that would see reinsurers pay for hundreds of millions of dollars of GE's environmental claims.

But in the latest deposition, Mr. Alexander said he recalled a mention from EMLICO officials of the "possibility'' of a liquidation, but not saying when it might take place.

Mr. Mulderig, in a separate deposition, said MRM's first contact with EMLICO was in March 1995 for a reinsurance placement and not management services.