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Articles Bermuda Featured Fraud Insurance Listed Securities Stirling Cooke United KingdomAugust 31, 1998

Reports implicate Stirling Cooke in fraudulent insurance schemes

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26 years ago

Topics

Bermuda Fraud Insurance Listed Securities United Kingdom

Keywords

Bermuda Insurance Market Bishop International Clarendon Insurance Group James Parkinson North American Fidelity & Guarantee
Raydon Underwriting Management Stirling Cooke Stockholm Re
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Two reports into Stirling Cooke Brown that were compiled two years ago by a London firm of insurance investigators on behalf of a client gives an interesting insight into the history of the Bermuda-based insurance broker, particularly allegations that the company was involved in a reinsurance spiral.
The alleged spiral that we have been told has dragged Stirling Cooke and the Clarendon group into arbitrations in London at least partly involves North American Fidelity & Guarantee and Stockholm Re (Bermuda).