Susan Davis-Crockwell

The Bermuda Monetary Authority and two of its employees - Gerald Gakundi and Susan Davis-Crockwell - are being sued for $25 million in California for allegedly rejecting U.S.-based Newpoint Financial Corp's proposed acquisition of Bermuda's Citadel Reinsurance Company after, among other things, receiving information from "the Gibraltar Regulatory Authority".

Complaint for damages of $25 million alleging "blatant, intentional bad faith malfeasance in denying Plaintiff’s Newpoint Financial Corp. application to obtain a controlling interest in a Bermudian insurance company [Citadel Reinsurance Company Limited] without any, much less good, cause" in Newpoint Financial Corp., a Delaware company based in California v. Bermuda Monetary Authority, Gerald Gakundi, described as "Director for the Insurance Supervision Department at the BMA", and Susan Davis-Crockwell, described as "Deputy Director of Enforcement for the Legal Services and Enforcement Department at the BMA", at the U.S. District Court for the Central District of California.