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    Articles Bermuda Featured Fraud Insurance Japan Liquidations & Insolvencies USADecember 31, 2002

    Carolina Re insiders sued over $485 m dividend payouts

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    21 years ago

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    Bermuda Fraud Insurance Japan Liquidations & Insolvencies
    USA
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    Aioi Insurance Bermuda Insurance Market Carolina Reinsurance Conyers Deloitte
    Elton Parker Fortress Re Gareth Hughes John McKenna John Slusarski Kenneth Kornfeld Leeor Sabbah Liquidations & Insolvencies Maurice Sabbah Nissan Fire and Marine Insurance Stephen Kuzyk Taisei Fire and Marine Insurance Westbroke Ltd. Zmira Sabbah
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    The Joint Liquidators of Bermuda-registered Carolina Reinsurance Ltd. have filed a civil lawsuit in the United States against the firm’s shareholders and auditor.They are seeking damages for tens of millions of dollars of dividends they claim were taken out of the company when it was insolvent.