Greystone Insurance

The liquidators of Cayman Islands captive insurer Performance Insurance Company SPC have applied for Chapter 15 bankruptcy recognition in the U.S. in an attempt to stay two lawsuits in which it has been accused of participating in a scheme involving "counterfeit insurance policies".

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Kenneth Krys and Neil Dempsey, of KRyS Global, as the Foreign Representatives of Performance Insurance Company SPC, described as a Segregated Portfolio Company that "operates in the captive insurance industry through 12 segregated portfolios" which were identified as Bottini Insurance LP, Gen 1 Insurance Company LP, Goldenstar Holdings Company SP, Greystone Insurance SP, Hudson York Insurance Company, Omega Insurance Company LP, Performance 5 SP, Prewett Insurance Company LP, Smart Insure LP, SSS Insurance LP, Sustainable Insurance Company SP, and Triangle RGK SP, and which has been accused of participating in a scheme involving "counterfeit insurance policies", filed at the U. S. Bankruptcy Court for the Southern District of Florida.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Performance Insurance Company SPC (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.