A Bermuda-licensed insurer that is insolvent by an estimated $7 million forged a fake accounting document in the name of Deloitte & Touche in the Cayman Islands to try to convince regulators it was solvent, according to its provisional liquidators.The alleged ploy did not work, however, and Hatteras Reinsurance Limited was petitioned into provisional liquidation “in the public interest” by the Bermuda Monetary Authority at Bermuda Supreme Court on June 7, 2006.
Bermuda insurer had sham Cayman assets, claims liquidator
18 years ago
Topics
Bermuda Cayman Islands Counterfeiting & Forgery Fraud InsuranceKeywords
Charles Thresh Deloitte Frank Meadows III Frank Watson Hatteras Reinsurance