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    Articles British Virgin Islands Featured Fraud Insurance St. Lucia Tax U.S. Virgin Islands USAJanuary 7, 2012

    Bancroft Life’s fired managers must return records and ‘cease interfering’ with relationships, rules US Court

    mm
    By
    12 years ago

    Topics

    British Virgin Islands Fraud Insurance St. Lucia Tax
    U.S. Virgin Islands USA
    [ 2 more... ] [ top 5 ]

    Keywords

    Bancroft Life & Casualty CBIZ MHM George Thomas Roberts Intercontinental Captive Management Company, Ltd. Intercontinental Management Ltd.
    John R. Patton Nigel Bailey The Roberts Patton Law Firm
    [ 3 more... ] [ top 5 ]

    Highlights

    • Bancroft's former managers 'failed to return records after being terminated in 2009'
    • Bancroft later failed an audit by its regulator, St. Lucia's Ministry of Finance
    • Former managers' withholding of records 'prevented Bancroft and its insureds from complying with St. Lucia's Insurance Act'
    • Bancroft was 'likely to succeed' in its claims for defamation, business interference and breach of fiduciary duty

    Related Content

    The U. S. Court of Appeals has upheld a lower court’s decision ordering the former managers and professional advisors of offshore insurer Bancroft Life & Casualty to return its “corporate books and records” and “cease interfering” with the insurer’s relationship with its insureds.

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