Nicholas Brown

  • Home
  • Nicholas Brown

SHOWING:

1 to 10 of 10 results
  

Sort By:

Search

Filter By:

Topics

Jurisdictions

Allegations

Stirling Cooke claims expected to exceed $750 m, says Bankruptcy Trustee

May 5, 2006
Potential claims arising from the fraudulent activities of a Bermuda based insurance broker's British subsidiary may exceed $750 million, says the firm's U. S. Bankruptcy Trustee.It means that Stirling Cooke Brown Insurance Brokers Ltd. committed “one of the largest frauds

Stirling Cooke loses High Court judgment to Sphere Drake Insurance

July 8, 2003
Two UK subsidiaries of the Bermuda-based AlphaStar Insurance Group, formerly Stirling Cooke Brown Holdings, have lost a UK High Court judgment that has implications for many related reinsurance lawsuits and arbitrations around the world.AlphaStar's share price fell from 13 cents to seven cents per share after the judgment was released today and many in the industry expect the decision to render the long-troubled firm insolvent.

Willis Group enters Odyssey Re-Stirling Cooke lawsuit

July 31, 2001
Bermuda-registered broker/risk manager Willis Group Holdings has applied to intervene in a civil lawsuit filed by Odyssey Re against Stirling Cooke Brown Holdings and others at the High Court in London. Willis, which is effectively seeking to become a defendant, is also believed to have filed a separate lawsuit against Stirling Cooke, apparently in order to cover all liability scenarios.

Stirling Cooke shareholders approve name change

June 30, 2001
Stirling Cooke Brown's shareholders voted at its AGM on May 23 to approve changing the firm's name to Atlantic Star Insurance Company Ltd. - a move which was disclosed two months ago in InsideBermuda. The make-over is part of a continuing attempt by the company to rid itself of the stench of its founders Nicholas Brown and Mark Cooke.

Stirling Cooke: Where did the $1.4 million go?

November 30, 1999
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.

Transamerica wins arbitration to rescind Stirling Cooke-brokered spiral business

August 31, 1999
Stirling Cooke Brown Holdings has suffered a major setback in an arbitration held recently in London. The arbitration panel decided by three votes to nil to rescind reinsurance contracts for 1993 and 1994 that the San Francisco-based Transamerica insurance/financial services group had with Duncanson & Holt, Chubb Insurance Group and Chubb-subsidiary Federal Insurance Company.

Stirling Cooke files to dismiss Odyssey Re lawsuit

April 30, 1999
Stirling Cooke Brown Holdings has filed a motion for early dismissal of the lawsuit brought in New York last month by Odyssey Re (London) Ltd. alleging racketeering and fraud."Our motion for early dismissal is Stirling Cooke's next step in aggressively

Stirling Cooke Brown Holdings in crisis

March 31, 1999
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.