Comp Indemnity Reinsurance Company (Cayman) Limited

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Stirling Cooke: Where did the $1.4 million go?

Stirling Cooke Brown Holdings has refused to explain a mysterious $1.4 million investment write-down that was disclosed in its latest 10Q filing with the SEC. The company is being so secretive about the write-down that it has created an irresistible impression that it has something to hide.

Stirling Cooke’s little-known Cayman affiliate

The Bermuda-based Stirling Cooke insurance group is a shareholder in a little-known reinsurer called Alternative Risk Reinsurance Company Limited that is registered in the Cayman Islands and managed by Mutual Risk Management (Cayman) Limited.