Listed Securities

Michael French, the former Chairman and CEO of Bermuda based Scottish Re, has been accused of securities fraud by the U. S. Securities and Exchange Commission. French allegedly helped billionaire brothers Samuel and Charles Wyly to conceal their beneficial ownership

Allied World Assurance has filed an action against two former officers of fraudulently operated Refco Capital Markets and one of Refco's insurers, XL Capital, in an attempt to recover more than $1 million in claims paid towards the legal defense

Allied World Assurance is seeking to avoid covering the legal defense costs of one of its insureds - a California based tomato processing firm - which is being sued in a class action Details are contained in a civil complaint

Petition In the Matter of Tonic Industries Holdings Limited at the Grand Court of the Cayman Islands.

Supplemental Joint Pre-Trial Statement in Kent Carasquero, Leslie Lounsbury, Riverside Manitoba, Inc., and Tyee Capital Consultants, Inc. v. Intrepid Global Imaging 3D, Inc., Richard Specht, Rene Hamouth, Hamouth Family Trust, William R. Dunavant, and William R. Dunavant Family Holdings, Inc. at the U. S. District Court for the Middle District of Florida.

Second Amended Complaint in The Cascade Fund, LLLP v. ACMH Limited, formerly known as Absolute Capital Management Holdings Limited; Florian Homm, Sean Ewing, Ullrich Angersbach, and Argo Group Limited at the U. S. District Court for the District of Colorado.

Petition In the Matter of WuXi PharmaTech (Cayman) Inc. at the Grand Court of the Cayman Islands.

Bermuda domiciled Catlin Insurance Company Ltd. is among eight defendants being sued for allegedly failing to return at least $1.3 million of premium to Nevada domiciled risk retention group Health Facilities of California Mutual Insurance Company Inc.Details are contained in

A New Jersey based real estate group is suing Arch Insurance Company and St. Paul Fire and Marine Insurance Company for allegedly refusing to pay litigation defense costs.Details are contained in a complaint that was filed at the Superior Court

Surplus lines insurer Aspen Insurance UK Limited is seeking to avoid having to pay the litigation defense costs of a New Jersey based roofing contractor being sued over a condominium project.Details are contained in a complaint that was filed by

Winding Up Petition In the Matter of Sextant Strategic Hybrid2 Hedge Resource Fund Offshore Ltd. at the Grand Court of the Cayman Islands.

Petition In the Matter of Entertainment One Ltd. at the Grand Court of the Cayman Islands.

Petition filed In the Matter of Azalea Networks at the Grand Court of the Cayman Islands.

A Costa Rica based Internet 'stock exchange' that was exposed by OffshoreAlert five years ago is being sued for fraud by four Canadians and a corporation domiciled in Ontario.A civil complaint was filed against GISBeX Clearing Corporation, S.A., a.k.a. The

Complaint in Jan M. Arnett v. David J. Aubel and Harvey Nelson at the U. S. District Court for the Eastern District of New York.

First Amended Complaint in Carlo DeMaria, Carlo DeMaria, Mauro Marchioni, and Jimmy DeMaria v. GISBeX Clearing Corporation, S.A., Moneyline Brokers, Sandias Azucaradas JEM, S.A., Bastille Advisors, Inc., Bayswater, Inc., David K. Rushing, Michael Rushing, Robin Rushing, Roger G. Coleman, Cynthia A. Taylor, Harold Bailey Gallison, Jr., Irving M. Einhorn, and Irving M. Einhorn, P.C. at the U. S. District Court for the Southern District of Florida.

Winding Up Petition In the Matter of China Sun Bio-Chem Technology Group Company at the Grand Court of the Cayman Islands.

AXIS Specialty, Allied World Assurance Company, XL Insurance (Bermuda), Endurance Specialty and Arch Insurance are among several insurers facing potential exposure in a civil complaint filed in California against Charles Schwab, Moody's Investor Services Inc. and Standard & Poor's Financial

A claim by Bentzion Turin that he was dismissed from Bermuda based Maiden Holdings Ltd. for corporate whistleblowing has been rejected by U. S. authorities, according to the company."On December 31, 2009, the U.S. Department of Labor found no reasonable

"What seest thou elseIn the dark backward and abysm of time" Another chapter in the inexorable decline of old (white) Bermuda was concluded on 2 March 2010, when the island's oldest financial institution, the Bank of N. T. Butterfield &

Dominic Frederico, President and CEO of Bermuda-based Assured Guaranty Ltd., is being sued for damages at federal court in Philadelphia by the alleged victim of a motor vehicle accident.

Boston based Liberty Mutual Group's civil complaint against nine former employees and Bermuda based Aspen Insurance for allegedly conspiring to steal its professional liability business has been dropped.The plaintiffs and defendants filed a joint stipulation "that this action is discontinued

Press Release entitled 'BSL Settles Formal Complaint with the Securities Commission' issued by the Securities Commission of the Bahamas.

Petition In the Matter of United America Indemnity, Ltd. at the Grand Court of the Cayman Islands.

Public Notice entitled 'Bahamas Supermarkets Limited settles formal complaint with the Securities Commission of the Bahamas'.

Final Judgment as to Handler, Thayer & Duggan LLC in SEC v. Stefan H. Benger, SHB Capital, Inc., Jason B. Meyers, International Capital Financial Resources, LLC, Philip T. Powers, Frank I. Reinschreiber, and Global Financial Management, LLC at the U. S. District Court for the Northern District of Illinois.

Petition In the Matter of Garmin Ltd. at the Grand Court of the Cayman Islands.

Petition In the Matter of Hao Wen Holdings Limited, formerly known as Everpride Biopharmaceutical Company Limited, at the Grand Court of the Cayman Islands.

Democratic and Republican politicians alike in the USA fail to return Allen Stanford donations, including Charles Rangel, Max Baucus, John McCain and … gulp … Barack Obama!; victims of one of Canada's biggest hedge fund frauds prepare to sue Grant Thornton Bahamas; man charged with murder of British financial services provider Hywel Jones - police continue to investigate the person who ordered the hit; and a penny stock firm that vanishes into thin air exposes two ridiculous audits conducted by Bahamas firm HLB Galanis Bain

A participant in an alleged securities fraud involving Bermuda based Lines Overseas Management described potential victims - who included LOM's own clients - as "poor lambs" and "sheep", claims the United States Securities and Exchange Commission. The derogatory terms were

A 40 year old Canadian stock promoter who defrauded two Bahamas based stock brokers and others of more than $30 million has been found guilty of securities fraud in Philadelphia and faces a maximum sentence of 165 years in prison.

Petition In the Matter of Hutchison Telecommunications International Limited at the Grand Court of the Cayman Islands.

Petition In the Matter of DFG Master Hedge Fund Limited at the Grand Court of the Cayman Islands.

Petition In the Matter of XL Capital Ltd. at the Grand Court of the Cayman Islands.

Bermuda based Associated Electric & Gas Insurance Services Ltd. is one of six insurers who are involved in a $40 million policy dispute with a global construction and engineering group.Details are contained in a complaint to compel arbitration or, alternatively,

A shareholders' class action complaint alleging securities fraud has been filed against Bermuda-based workers' compensation provider CRM Holdings Ltd. and four of its current or former officers and directors.

Two civil lawsuits involving insurance companies and former employees were filed recently at Bermuda Supreme Court.In the first action, filed on December 30, 2009, Freisenbruch Meyer Insurance Services Limited, which is 40% owned by ACE Bermuda Insurance Ltd., brought an

In what appears to be a case of bad timing, the owner of an empty five storey building in the Tribeca neighborhood of Manhattan switched to a cheaper insurance policy in order to save on premiums just 15 days before

Scandinavian Re has accused two arbitrators of bias and "lying" or "misleading" after they ruled against the Bermuda based finite risk reinsurer in a $290 million dispute with The St. Paul Companies.Allegations of misconduct against Connecticut based arbitrators Paul Dassenko

Petition In the Matter of Seagate Technology and Seagate Cayman Holdings at the Grand Court of the Cayman Islands.

Complaint in Carlo DeMaria, Jimmy DeMaria, Mauro Marchioni, Giuseppe DeMaria, and Municipal Web Portal Systems, Inc. v. GISBeX Clearing Corporation, S.A., a.k.a. The Global Internet Stock Brokerage Exchange, Inc.; Moneyline Brokers, Sandias Azucaradas JEM, S.A., Bastille Advisors, Inc., Bayswater, Inc., David K. Rushing, Michael Rushing, Robin Rushing, Roger G. Coleman, and Cynthia A. Taylor at the U. S. District Court for the Southern District of Florida.

Winding Up Petition In the Matter of China Packaging Group Company Limited at the Grand Court of the Cayman Islands.

A jury trial in a fraud action by the U. S. Securities and Exchange Commission against Bermuda based financial services group Lines Overseas Management could take place as early as next month in Manhattan.In a scheduling order issued on December

Investment vehicles domiciled in the Cayman Islands, Delaware and Ireland have applied for an injunction to prevent insiders of a subprime financial services provider that faces "imminent" insolvency from allegedly enriching themselves and other shareholders at the expense of debt

A U. S. affiliate of Bermuda based Arch Capital Group Limited is suing one of its insureds for "overdue premiums" of $1.2 million.Arch Specialty Insurance Company, which is domiciled in Nebraska and based in New York, NY, filed a civil

Bermuda based workers' comp insurance provider CRM Holdings is facing potential liabilities totaling more than $400 million as a result of a civil complaint and a separate enforcement action in New York.Details of the two matters were acknowledged by CRM

A U. S. manufacturer of personal care and healthcare related products is suing Aspen Insurance UK Limited and Aspen Underwriting Syndicate 4711 in an attempt to enforce $25 million of coverage.CB Fleet Company Inc., a Virginia corporation based in Lynchburg,

AXIS Reinsurance Company is being sued in an attempt to force it to pay out claims of up to $5 million to cover legal defense costs incurred by insureds accused of defrauding investors in a mare leasing program.A civil complaint

Aspen Insurance UK Ltd. and three Lloyd's of London underwriters are seeking a declaratory judgment at federal court in Denver to avoid paying out up to $25 million in defense legal costs relating to Bernard Madoff's fraudulent investment scheme.Aspen Insurance,

Several Bermuda entities, including mutual funds, trusts and reinsurer Ariel Re, are among dozens of companies suing Goldman Sachs and UBS Securities in an attempt to rescind a $550 million bond offering.The complaint was filed at the U. S. District