A British television programme claiming that a “mysterious Irishman” called Steven Baker was being sought in connection with the worldwide insurance fraud that goes by the name of Dai Ichi Kyoto Re caused a lot of interest in Bermuda.
One of Dai Ichi’s sister companies, North American Fidelity & Guarantee, had a brief but extremely profitable and very fraudulent one-year trading spell in Bermuda in 1992/1993.
The company began life as a shelf company set up in October, 1989, by ambitious Bermuda lawyer Lynda Milligan-Whyte.
North American Fidelity & Guarantee – a Bermuda tragedy
27 years ago
Topics
Bermuda Fraud InsuranceKeywords
Bermuda Insurance Market Dai Ichi Kyoto Re Lynda Milligan-Whyte North American Fidelity & Guarantee Steven Baker