John Head

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Bermuda Insurance Market Results Round-Up: Financial problems continue for ESG Re and Stirling Cooke

August 31, 2001

The financial woes of John Head's ESG Re and Stirling Cooke Brown Holdings continued in the second quarter ended June 30, 2001, with both companies reporting further losses. Mutual Risk Management, meanwhile, reported a much-needed profit and Annuity & Life Re and Scottish Annuity & Life both made money, as did market giants XL Capital and PartnerRe.

Years later, Anglo-American Insurance liquidators still baffled by Centre Re commutation

March 31, 2001

As John Head's ESG Re reported its latest quarterly loss, liquidators of one of his previously-failed insurers are still trying to figure out an unusual reinsurance commutation years after the firm collapsed. A major focus of the liquidation of UK-based Anglo American Insurance Company Ltd. is the commutation of financial reinsurance contracts with Bermuda-based Centre Re prior to Anglo's collapse.

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Bermuda Insurance Market Results Round-Up: Financial problems continue for ESG Re and Stirling Cooke

Years later, Anglo-American Insurance liquidators still baffled by Centre Re commutation