Frank Meadows III

A Bermuda-licensed insurer that is insolvent by an estimated $7 million forged a fake accounting document in the name of Deloitte & Touche in the Cayman Islands to try to convince regulators it was solvent, according to its provisional liquidators.The alleged ploy did not work, however, and Hatteras Reinsurance Limited was petitioned into provisional liquidation “in the public interest” by the Bermuda Monetary Authority at Bermuda Supreme Court on June 7, 2006.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Mike Morrison and Charles Thresh, as Foreign Representatives of Hatteras Reinsurance Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.