John Schreven

A civil complaint against Bermuda-based Founders Insurance Company Limited has been dismissed at federal court in the United States just 20 days after it was filed by a company that created and managed sub-prime automobile loan portfolios. The complaint was filed by Centrix Funds, LLC, formed in Delaware; Centrix Loan Participation Fund-Series CLPF, Centrix Loan Trust, Centrix Loan Trust II, Centrix CLPF-2A Loan Trust, Centrix CLPF-2 Loan Trust, Centrix CLLPF-5 Loan Trust, and Centrix Special Series Loan Trust, all formed in Delaware as 'series trusts', at the U. S. District Court for the District of Colorado on July 9, 2008 and terminated on July 29.

Two wholly-owned, U. S. subsidiaries of Bermuda-domiciled Everest Re Group Ltd. are seeking $80 million in damages in New Jersey, alleging fraud against a client.Details are contained in two civil lawsuits that were filed on February 7 and March 14, 2007 at the U. S. District Court for the District of New Jersey by Everest National Insurance Company and Everest Reinsurance Company, which are both incorporated in Delaware, based in Liberty Corner, New Jersey.