Antigua & Barbuda Articles Featured Fraud Insurance USADecember 30, 2007

DTI applies to wind up Antiguan insurer

17 years ago

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Allstate Acceptance Corp. American International Surety Marvin Rosenblum

The Department of Trade & Industry in the UK has applied to the High Court in London for the winding-up of Antiguan-registered insurer American International Surety.The application, which was made on December 18, followed concerns that the insurer was not being operated legitimately and doubts about the validity of its assets, the bulk of which appear to be worthless German bonds.

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