Centre Re facing legal action over Anglo American

By David Marchant

28 years ago

Topics

Bermuda Insurance

Keywords

Anglo American Insurance Company Bermuda Insurance Market Centre Reinsurance Holdings Zurich Insurance Company

Bermuda-based Centre Reinsurance Holdings is facing legal action following the recent provisional liquidation of UK firm Anglo American Insurance Company, which Centre Re both owned and reinsured.Inside Bermuda has been told that creditors are going to sue Centre Re, alleging that Centre Re and its parent, Swiss-based Zurich Insurance Company, have misled Anglo creditors and acted in its own interests to the detriment of creditors through a series of actions since 1992.

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