Stirling Cooke Brown Holdings in crisis

26 years ago

Topics

Bermuda Fraud Insurance Listed Securities

Keywords

Bermuda Insurance Market Centaur Underwriting Management Limited Christopher Henton Clarendon Insurance Group Euro International Underwriters Limited

Hannover Re John Hubert Whitcombe Nicholas Brown Odyssey Re (London) Limited Raydon Underwriting Management Company Limited Re Underwriting Management (Bermuda) Limited Reg Billyard Sphere Drake Insurance Plc Stirling Cooke Web Management LLC

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Serious questions about the future of Stirling Cooke Brown Holdings are being raised following the filing of a lawsuit in New York accusing the firm of racketeering and fraud and the collapse of its share price to an all-time low on NASDAQ.
The company has also disclosed for the first time in its SEC filings that it is involved in several arbitrations in the UK and is also a defendant in seven different lawsuits that were filed last year by reinsurers and reinsureds claiming to have been defrauded.

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