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Atlas Financial Holdings Inc.: ‘Scheme of Arrangement’ Petition

January 4, 2022
Petition for the Court's sanction of a Scheme of Arrangement in the matter of Atlas Financial Holdings Inc., described as "a holding company in the commercial automobile insurance sector in the United States, with a niche market orientation and focus on insurance for the "light" commercial automobile sector including taxi cabs, non-emergency paratransit, limousine/livery and business auto", at the Grand Court of the Cayman Islands.

HWH Realty Holdings LLC v. Anthony Belisle: Complaint

December 3, 2021
Complaint "to recover damages from Belisle for its losses of nearly $20 million arising out of its June 2017 investment in the Limited Diversified Arbitrage Fund, a fund managed by Markel CATCo Investment Management Limited, which employed Belisle as its Chief Executive Officer" alleging fraud involving a Bermuda entity in HWH Realty Holdings LLC v. Anthony Belisle at the U. S. District Court for the Middle District of Florida.

AXA Seguros SA de CV v. St. Vincent Medical Center et al: Discovery Application

November 12, 2021
Application by AXA Seguros SA de CV, described as "a Mexican insurance company and a subsidiary of AXA S.A., the French parent company of one of the largest insurance groups in the world", to take discovery from St. Vincent Medical Center and Cedars-Sinai Medical Center for use in legal proceedings in Mexico involving Irma Gomez Pruneda, filed at the U. S. District Court for the Central District of California.
oil-tanker-margara

Bermuda ship insurer SIGCo seeks $5.6M from Cayman oil tanker owner struck off 10 years ago

November 9, 2021
Bermuda-domiciled Shipowners Insurance and Guaranty Company Ltd., from which the U.S. Department of Justice has demanded $4.4 million in damages for the grounding of an oil tanker, is seeking to recover the amount, plus $1.2 million in fees and expenses, from a shipping firm - Margara Shipping Ltd. - that was struck off the Cayman Islands Companies Register nearly 10 years ago.

Margara Shipping Ltd.: Directors

November 8, 2021
Director Details for Margara shipping Ltd., obtained from the Cayman Islands General Registry on November 8th, 2021.

S3 Assurance Company: Directors

November 5, 2021
Director Details for S3 Assurance Company, obtained from the Cayman Islands General Registry on November 5th, 2021.

Alpha Re Ltd.: Directors

October 22, 2021
Director Details for Alpha Re Limited, obtained from the Cayman Islands General Registry on October 22nd, 2021.

Alpha Re Ltd.: License Revocation

October 20, 2021
Public Notice by the Cayman Islands Monetary Authority that it has revoked the insurer's license of Alpha Re Limited for regulatory breaches.

The Brink’s Company v. Chubb European Group Ltd. et al: Complaint

October 18, 2021
Complaint for damages of $23 million regarding coverage under the "Chubb Elite Fraudprotector policy" following an alleged fraud by one of the plaintiff's employees in The Brink's Company, of Virginia, described as "the world's largest cash management company" v. Chubb European Group Ltd. and Lloyd's Underwriters, both of England, at the U. S. District Court for the Eastern District of Virginia.

Estate of Martin Zawatsky v. Corry Capital Advisors LLC et al: Complaint

October 8, 2021
Complaint for "recovery of insurance proceeds due to lack of insurable interest" in Estate of Martin A. Zawatsky, by its Executor, Marc Zawatsky v. Corry Capital Advisors LLC, of Delaware; CCA Life Settlements Sàrl, of Luxembourg, and CCA Life Settlements Fund FCP-SIF, of Luxembourg, at the U. S. District Court for the Southern District of Florida.

Markel CATCo Reinsurance Fund Ltd. et al: Chapter 15 Petition (Bermuda)

October 5, 2021
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Simon Appell, of England, and John McKenna, of Bermuda, as the Foreign Representatives of Markel CATCo Reinsurance Fund Ltd., CATCo Reinsurance Opportunities Fund Ltd., Markel CATCo Investment Management Ltd., and Markel CATCo Re Ltd., filed at the U. S. Bankruptcy Court for the Southern District of New York.

Germany v. Rolf Jerke et al

September 29, 2021
Application for the appointment of a Commissioner to collect evidence from Life Partners Inc. - pursuant to a request for judicial assistance from Germany - for a criminal investigation into Rolf Jerke and Dr. Uwe Schilling for suspected embezzlement involving viaticals settlements.

VL Assurance (Bermuda) Ltd. et al v. Jason Sugarman et al: Writ of Summons

September 21, 2021
Generally Indorsed Writ of Summons alleging fraud in VL Assurance (Bermuda) Ltd. (in Liquidation) and Valor Management Ltd. (in Liquidation) v. Jason Sugarman, of Los Angeles, CA; Devon Archer, of New York, NY, and Hugh Dunkerley, of Huntington Beach, CA, at Bermuda Supreme Court.

Endurance Services Ltd. et al v. Westfield Insurance Company et al: Complaint

September 21, 2021
Complaint that "arises from Westfield’s mass hiring (colloquially known as a "lift-out") of a group of employees from Sompo International to join Westfield’s new specialty insurance arm, Westfield Specialty, in direct competition with their former employer" in Endurance Services Limited, of Delaware, and Sompo International Holdings Ltd., of Bermuda v. Westfield Insurance Company and Westfield Specialty Inc., both of Ohio, at the U. S. District Court for the Southern District of New York.

Oak Trust (Guernsey) Ltd. v. William Dewsall: Re-Amended Complaint

September 16, 2021
Re-Amended Complaint alleging fraud involving Gable Holdings Inc., of the Cayman Islands, and Gable Insurance AG, of Liechtenstein, in Kevin Alcock, Corita Metelerkamp, both of Surrey, England; Oak Trust (Guernsey) Limited, of Guernsey; Baytree Group Holdings Limited, Morvale Company Limited, Aggaris Investments Limited, all of the British Virgin Islands; Christopher Lawrance, Roy Campbell, both of South Africa, and CriSeren Investments Limited, of Wales v. William Dewsall, of London, England, at the High Court for England and Wales.

PVP Aston LLC et al v. Financial Structures Ltd. et al: Complaint

September 13, 2021
Complaint alleging "the totality of the FSL RVI regime of "insurance" was not insurance at all, but rather a sophisticated financial scam to benefit FSL and a horrendous detriment to the Insureds and their principals" in PVP Aston LLC, f.k.a. RA2 Aston LP; RX Fredericksburg Investors LLC, RA2 Muskegon LLC, and ACA FSL Holdingco LLC, all of Delaware v. Financial Structures Limited, of Bermuda; Aston RA-357 LLC, Fredericksburg RA-100 LLC, and Muskegon RA-357 LLC, all of Delaware, at the Superior Court of the State of Delaware, New Castle County.

Best Meridian Insurance Company et al v. Lake Cecile Resort Inc. et al: Complaint

September 10, 2021
Complaint in Best Meridian Insurance Company and Best Meridian International Insurance Company SPC, of the Cayman Islands v. Lake Cecile Resort Inc., CCH FL 2 LLC, Citrus Capital Holdings LLC, Florida Department of Revenue, Keys Funding LLC – 1019, Keys Tax Funding LLC – 19, Kissimmee Utility Authority, Osceola County, a political subdivision of the State of Florida; Bruce Vickers, Osceola County Tax Collector, Premier Elevator Company Inc., Sunbelt Rentals, Inc., TLGFY, LLC, J.T. Shaw, Inc., and Tohopekaliga Water Authority at the U. S. Bankruptcy Court for the Middle District of Florida.

AmTrust North America Inc. v. Signify Insurance Ltd. et al: Complaint

August 24, 2021
Complaint alleging breach of contract in AmTrust North America Inc., on behalf of Technology Insurance Company Inc. and Security National Insurance Company v. Employers HR LLC, described as a Florida company based in New York, and Signify Insurance Ltd., of Bermuda, at the U. S. District Court for the Southern District of New York.

Allianz Life Bermuda Ltd.: $1.7M Fine

August 12, 2021
Press Release by the Bermuda Monetary Authority announcing that it has imposed "civil penalties" totaling $1.7 million on Allianz Life Bermuda Limited for regulatory breaches, including the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing Supervision and Enforcement) Act 2008, and that the company has agreed to go into liquidation. Editor's Note: Research by OffshoreAlert showed that, on the Allianz Group's website, the address for Allianz Life Bermuda Limited is given as "105, Allianz SNA Bldg 56, Jisr el Bacha Hazmieh Beirut, Lebanon P.O.Box: 16-6516".

Premier Assurance Group SPC Ltd. v. Premier Assurance Segregated Portfolio Puerto Rico SAP et al: Originating Summons

August 2, 2021
Originating Summons in Premier Assurance Group SPC Ltd. (in Official Liquidation) v. Providence Insurance Company I.I., for and on behalf of Premier Assurance Segregated Portfolio Puerto Rico SAP, of Puerto Rico; Premier Assurance Group LLC, of the USA, and Sable Trust Limited, of the British Virgin Islands, as Trustee of the Premier Trust, at the Grand Court of the Cayman Islands.

Taysun Corporate Services Ltd.: License Revocation

July 29, 2021
Public Notice by the Mauritius Financial Services Commission that it has revoked "the Management License and the Approval to act as Captive Insurance Agent" of Taysun Corporate Services Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert at the Mauritius Corporate and Business Registration Department showed that Taysun Corporate Services Ltd. was incorporated in Mauritius on February 11th, 2010, its sole director is Sundara Rajen Sooben and its sole shareholder is Álvaro de Oliveira Madaleno Sobrinho, of Angola.

Nicholas Cruz: Regulatory Settlement Agreement

July 13, 2021
News Release by the Gibraltar Financial Services Commission announcing it has entered into a "Regulatory Settlement Agreement" with Nicholas Cruz, who was a non-executive director of Enterprise Insurance Company Plc. "The GFSC has not made any adverse findings in relation to Mr Cruz's integrity," stated the regulator.

Nicholas Cruz & Gibraltar FSC: Joint Statement on Defamation Claim

July 13, 2021
Joint Statement by the Gibraltar Financial Services Commission and Nicholas Cruz regarding a defamation claim by Cruz against the GFSC regarding the regulator's news release on October 26th, 2016 regarding Enterprise Insurance Company Plc, of which Cruz was a non-executive director.

Fort Worth Employees’ Retirement Fund v. James River Group Ltd. et al: Class Action Complaint

July 9, 2021
Class Action Complaint alleging securities fraud regarding "a new type of insurance policy that covered Rasier LLC, a subsidiary of the ride-sharing company Uber Technologies, Inc" in Employees' Retirement Fund of the City of Fort Worth, d.b.a. Fort Worth Employees' Retirement Fund v. James River Group Holdings Ltd., described as "a Bermuda-based holding company that owns and operates a group of specialty insurance and reinsurance companies"; Robert P. Myron, J. Adam Abram, Frank N. D'Orazio, and Sarah C. Doran at the at the U. S. District Court for the Eastern District of Virginia.

Universal Life Insurance Company v. Global Growth Holdings Inc. et al: Complaint

July 6, 2021
Complaint that "arises out of a massive fraudulent scheme devised by Defendant Greg E. Lindberg and co-conspirators" and allegedly involved companies in Bermuda, Cayman Islands, Ireland, Malta, and the USA in Universal Life Insurance Company v. Global Growth Holdings Inc., Eli Global LLC, Greg E. Lindberg, UBS Financial Services Inc., Treatment Resources of Margate Inc., Alpine Capital LLC, Itech Funding LLC, Standard Financial Limited, of Malta; Academy Financial Assets LLC, Atlas Financial Investments LLC, Capital Asset Management I LLC, Global Insurance Capital LLC, Standard Advisory Services Ltd., of Malta; Triton Financial Limited, of Ireland; Hutchison Law Group PLLC, Satori Waters LLC, CSI Interco LLC, Forsyth LLC, Kite Asset Management Inc., Carnation Three LLC, Flowery Branch LLC, Goldman Sachs Bank USA, Morgan Stanley Senior Funding LLC, Verdesian Life Sciences LLC, Goldman Sachs Lending Partners LLC, Credit Suisse AG Cayman Islands Branch, AGH Parent LLC, Daisy Seven LLC, Dahlia Ten LLC, Tybee Island Asset Management Inc., Augusta Asset Management Inc., Pershing LLC, Macon LLC, Parallel Capital Assets LLC, Capital Asset Management II LLC, Standard Investment Capital Ltd., of Malta; New England Capital LLC, Global Bankers Insurance Group LLC, RevolverCap Partners Fund LP, Capital Assets Management III LLC, BLH Capital LLC, Netherlands Insurance Holdings Inc., Iron City Asset Management Inc., Hampton Asset Management Inc., Jackson Asset Management Inc., Chris Herwig, Bryn Mawr Trust Company, Begonia Eight LLC, CBI Group LLC, CBIG Capital LLC, and CBIG Holdings Inc. at the U. S. Bankruptcy Court for the Southern District of New York.

Insigneo Financial Group v. Premier Assurance Group SPC et al: Complaint

July 1, 2021
Complaint by "a disinterested stakeholder" that "seeks the Court's assistance in resolving ownership rights of rival claimants to the same assets", specifically $29 million, in Insigneo Financial Group LLC, of Florida v. Premier Assurance Group SPC Ltd., of the Cayman Islands, and Premier Assurance Group LLC, of Florida, at the U. S. Bankruptcy Court for the Southern District of Florida.

USA v. Aon Plc et al: Antitrust Complaint

June 16, 2021
Antitrust Complaint alleging "Aon's proposed acquisition of WTW would combine two of the three largest insurance brokers in the world. It would eliminate substantial head-to-head competition and likely lead to higher prices and less innovation, harming American businesses and their customers, employees, and retirees" in USA v. Aon Plc and Willis Towers Watson Plc, both described as Irish companies based in England, at the U. S. District Court for the District of Columbia.

USA v. Swiss Life: Forfeiture Complaint

June 10, 2021
Forfeiture Complaint regarding $35 million associated with alleged tax evasion activity by "Swiss Life Holding AG, a Swiss insurance holding company, and three of its subsidiaries, Swiss Life (Liechtenstein) AG, Swiss Life (Singapore) Pte. Ltd., and Swiss Life (Luxembourg) S.A." in USA v. $35 Million at the U. S. District Court for the Southern District of New York.

Priosma Ltd.: License Revocation

May 26, 2021
Public Notice by the Bermuda Monetary Authority that it has cancelled the insurance broker registration of Priosma Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that, in the Directors Register maintained by the Government of Bermuda, the directors of Priosma Ltd. are identified as Graham McKean, of Kent, England, and Mark D. Terrey, of Bermuda.

Best Re (L) Ltd.: Winding Up Notice

May 20, 2021
Public Notice by the Labuan Financial Services Authority that a court in Malaysia has ordered the winding up of Best Re (L) Limited.