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Default judgment entered against Cayman Reinsurance

A Florida court has granted a motion for a default judgment against two Cayman companies which allegedly defrauded a United States citizen of $550,000.The order was entered against Cayman Reinsurance Group and CRG Advisors Ltd. on March 26, 2003 after their registered agent, Cayman-based law firm Walkers, did not respond to a complaint filed in 2002. The case against co-defendants Wentworth Capital Ltd., of Switzerland; and Frank C. Blunt Jr., Ann Wentworth Blunt and Gavin C. Blunt, all of Florida, is ongoing.