Platinum Indemnity Ltd.

  • Home
  • Platinum Indemnity Ltd.

SHOWING:

1 to 4 of 4 results
  

Sort By:

Search

Filter By:

Topics

Jurisdictions

Weather coverage litigation settled in New York

A lawsuit involving Bank of America, Platinum Indemnity Ltd., Diamond State Insurance Company and PartnerRe has been concluded. How it was settled, however, is not public knowledge since several documents concerning the case were filed under seal at the U. S. District Court for the Southern District of New York.

GenStar v. Platinum Indemnity lawsuit settled

A civil lawsuit filed by General Star Indemnity Company against Bank of America and Bermuda-based rent-a-captive Platinum Indemnity Ltd. has been settled. The settlement was registered with the United States District Court for the Southern District of New York on October 29, 2002.

Two new lawsuits filed in Platinum Indemnity $60 m reinsurance dispute

A $60 million reinsurance dispute that could lead to the collapse of Bermuda-based rent-a-captive Platinum Indemnity Ltd. escalated recently with the filing of two new lawsuits in New York.In one action, Bank of America N. A. and Platinum Indemnity Ltd. are seeking $29,335,032 against Pennsylvania-based Diamond State Insurance Company.In the other lawsuit, Bank of America and Palladium Insurance, which is affiliated with Platinum, are seeking $26,995,000 against UK-based Terra Nova Insurance Company Ltd.

Platinum Indemnity faces financial collapse, moves to segregate assets

Bermuda-based rent-a-captive Platinum Indemnity Ltd., which is part of the Powerscourt Group, is facing financial collapse after a reinsurer refused to pay weather-related claims. The firm has admitted that it faces "dire circumstances and imminent ruin of its business" in a recent court filing in New York, where it is being sued by Connecticut-based General Star Indemnity Co.