W. Allen Broughton

Insurance management firm Bott and Associates has been strongly criticized by Bermuda's Registrar of Companies for its lack of help with an investigation into Sentinel Insurance Company.In an affidavit filed at a U. S. Bankruptcy Court, Jeremy Cox stated that Sentinel's Bermuda representative had shown "a disturbing lack of co-operation" with an inquiry into what appears to have been a massive fraud.

A petition to wind-up Bermuda-based Sentinel Insurance Company was filed by regulators at Bermuda Supreme Court on March 14 and is scheduled to be heard on April 6. The action follows concerns over the solvency of the insurer, as reported in last month's edition of InsideBermuda.