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Bermuda ship insurer SIGCo seeks $5.6M from Cayman oil tanker owner struck off 10 years ago

oil-tanker-margara
Bermuda-domiciled Shipowners Insurance and Guaranty Company Ltd., from which the U.S. Department of Justice has demanded $4.4 million in damages for the grounding of an oil tanker, is seeking to recover the amount, plus $1.2 million in fees and expenses, from a shipping firm - Margara Shipping Ltd. - that was struck off the Cayman Islands Companies Register nearly 10 years ago.