AXA Re sues over Hollywood movie financing fiasco

By David Marchant

24 years ago

Topics

Bermuda Insurance USA

Keywords

AXA Re Bermuda Insurance Market Chase Manhattan Bank George Litto Pictures Inc. Sawtantar Sharma

Stirling Cooke

[ 1 more... ] [ top 5 ]

Paris-based AXA Re, which faces massive losses from reinsuring Hollywood movies, has filed a lawsuit against Stirling Cooke Brown Holdings, which brokered a small portion of the business.
Stirling Cooke Brown Holdings Ltd., Stirling Cooke Brown Reinsurance Brokers Ltd. and one of the group’s former brokers, Sawtantar Sharma, are defendants with Chase Manhattan Bank and George Litto Pictures Inc., of Wilshire Boulevard, Beverly Hills, California, in a lawsuit filed on May 2, 2000 at the Supreme Court for the State of New York.

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