Bob Barrows

Even in bankruptcy, the now defunct, fraudulently operated Stirling Cooke Brown Insurance group is causing chaos in the insurance industry.The latest Bermuda firm to be affected is Max Re Capital Limited, which is a defendant in a civil lawsuit concerning

AlphaStar Insurance Group, formerly Stirling Cooke, has reached an agreement to sell its subsidiary, Realm National Insurance Company, to an Atlanta-based company for $8 million.The proposed buyer is Flagship Holdings Inc., according to filings at the U. S. Bankruptcy Court for the Southern District of New York, where AlphaStar is in chapter 11 proceedings.