The now-defunct, Bermuda-based insurance broker best-known as Stirling Cooke Brown has agreed to pay up to $42.3 million to settle claims with its one-time business partner, Clarendon Insurance Group.
A motion to approve the settlement was filed by Stirling Cooke’s Chapter 7 Bankruptcy Trustee, Richard E. O’Connell, at the U. S. Bankruptcy Court for the Southern District of New York on November 30, 2007.
Stirling Cooke Bankruptcy Trustee settles with Clarendon Insurance for $42 m
17 years ago
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Bermuda Fraud Insurance Liquidations & Insolvencies Listed SecuritiesKeywords
AlphaStar Insurance Bermuda Insurance Market Clarendon Insurance Group Lincoln National Life Insurance Liquidations & Insolvencies