Bermuda Fire & Marine liquidators rejected $10-$15 m offer to settle lawsuit

By David Marchant

26 years ago

Topics

Bermuda Fraud Insurance Investment Liquidations & Insolvencies

Listed Securities

[ 1 more... ] [ top 5 ]

Keywords

Bermuda Insurance Market BF&M Charles Collis Conyers Cooper & Lines

Donald Lines Ernst & Young Gregory Haycock HS Weavers Liquidations & Insolvencies Michael Collier William Cox

[ 7 more... ] [ top 5 ]

Defendants in a fraud lawsuit involving Bermuda Fire & Marine Insurance Company made an offer last year of between $10 million and $15 million to settle the case, OffshoreAlert can reveal.
However, Bermuda Fire’s liquidators, Ernst & Young, rejected the offer on the grounds that it fell substantially short of what was acceptable, said a source whose company is owed money by Bermuda Fire.

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