• Home
  • Articles
  • US insurer claims to be victim of $135M offshore reinsurance fraud

US insurer claims to be victim of $135M offshore reinsurance fraud

Bermudian businessman Gregory Tolaram, Bahamas-based financial adviser Edward Lynch, and seven insurers and investment funds in the Cayman Islands have been accused of participating in a $135 million fraud against U.S. insurer Great Western Insurance Company.