Tower Risk Management

Three people linked with an Irish-based reinsurer which Grenada-registered Windsor International Bank and Trust claimed was guaranteeing its high yield investments have been charged with conspiracy to defraud.Darren Louis Thomas, Leslie Gerald Hursey and David Graham Da Costa, of Merrion Reinsurance, were charged on July 19, 2001 at the City of London Magistrates Court, in England.

An offshore reinsurer run by people with links to the Dai Ichi Kyoto/Kobe Re/North American Fidelity & Guarantee scandal in the 1990s, which was partly based in Bermuda, is being investigated for fraud.Three principals of Irish-based reinsurer Merrion Reinsurance have been charged in the United Kingdom with conspiracy to defraud.Darren Louis Thomas, Leslie Gerald Hursey and David Graham Da Costa, of Merrion Reinsurance, were charged on July 19, 2001 at the City of London Magistrates Court, in England.