Listed Securities

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

Petition In the Matter of AcrossAsia Limited at the Grand Court of the Cayman Islands.

Transfer of Jurisdiction Order in USA v. David Weinreb at the U. S. District Court for the District of Connecticut, includes copy of docket, indictment and judgment.

Former Lines Overseas Management president Brian Lines has lost an attempt to avoid giving the United States Securities and Exchange Commission a tape recording of a telephone conversation he had nearly seven years ago with SEC attorneys who were looking

A default judgment for $10.2 million has been entered in the United States against a Barbados licensed insurer that was allowed to continue in business by Barbados' Supervisor of Insurance, Carlos Belgrave, despite evidence of fraud that was publicized by

Petition filed In the Matter of Radford Capital Investment Limited at the Grand Court of the Cayman Islands.

A New Orleans based machine and cutting tool technology group is suing AXIS Surplus Insurance Company for allegedly failing to satisfy a claim arising from Hurricane Gustav in 2008.Dixie Mill Inc. and Dixie Mill Supply Co. Inc. filed a civil

A building contractor is suing Aspen Insurance UK Limited for allegedly illegally terminating a $2 million insurance policy.Suffolk Construction Inc. filed a civil complaint against Aspen at the Superior Court of the State of California in and for the County

A U. S. manufacturer of personal care and healthcare related products is suing a subsidiary of Bermuda domiciled AXIS Capital Holdings Ltd. for allegedly failing to pay product liability claims under the terms of a $10 million insurance policy.CB Fleet

Describing it as "completely irrational", a federal judge in Philadelphia has vacated a $6 million arbitration award in favor of Platinum Underwriters Bermuda Ltd.In a ruling on September 15, 2009, U. S. District Judge Paul S. Diamond granted a motion

The owner of a failed captive insurer managed in Bermuda by Bott & Associates has been accused of concealing his assets in an attempt to avoid honoring a $70 million personal guaranty.The allegations against Robert E. Sutton, whose Bermuda firm

A British Virgin Islands domiciled Internet domain name consulting and registry services company whose shares are listed on the Alternative Investment Market in London is suing celebrity chef Wolfgang Puck in a dispute over the domain suffix '.food'.Top Level Domain

Complaint in U. S. Securities and Exchange Commission v. Irwin Boock, Stanton B.J. DeFreitas, Nicolette D. Loisel, Roger L. Shoss, and Jason C. Wong at the U. S. District Court for the Southern District of New York.

A former senior officer with Bermuda based reinsurer Maiden Holdings Ltd. has written to the federal government in the United States claiming he was illegally fired by the firm for 'corporate whistleblowing' regarding a $260 million securities offering.Details about the

A subsidiary of Bermuda domiciled Aspen Insurance Holdings Ltd. is seeking to avoid covering defense costs in two lawsuits filed against one of its insureds.Aspen Insurance UK Limited, which is domiciled in England and Wales and based in London, filed

A Jamaican fraudster who goes by the name of Emile Maximillion Saint Patrick Higgins and a few variations thereof, including "Sir Max Higgins", has brought a bizarre - and, no doubt, soon to be dismissed - lawsuit in which he

Fourteen reinsurers, including four based in Bermuda, has brought a legal action against a New York Stock Exchange listed chemicals manufacturer and its captive insurer in an attempt to avoid paying claims totaling more than $30 million arising from Hurricane

ACE Bermuda Insurance Ltd. is involved in arbitration proceedings in which it is seeking to avoid paying a claim of $100 million arising from a train derailment in South Carolina in 2005.Although the arbitration is being held behind closed doors

A civil complaint has been filed against two British Virgin Islands domiciled hedge funds and others on behalf of all shareholders of a company whose shares trade as a penny stock.The complaint was filed at the U. S. District Court

The Bankruptcy Trustee of Bernard Madoff's fraudulently operated investment firm is suing a Cayman Islands domiciled hedge fund and the Fund's bankers in an attempt to recover $578 million for creditors. Irving Picard, as Trustee for the liquidation of Bernard

Second Superseding indictment by USA against David H. Brooks, Sandra Hatfield and Patricia Lennex for alleged securities and tax fraud.

Indictment for securities fraud in USA v. Ross H. Mandell, Stephen Shea, Adam Harrington, a.k.a. Adam Rukdeschel; Arn Wilson, Robert Grabowski, and Michael Passaro at the U. S. District Court for the Southern District of New York.

Complaint for the arrest of Chockalingam Ramanathan and extradition from the USA to India to face allegations of securities fraud.

On June 10, 2009, a federal judge in Philadelphia gave final approval to the $1.95 million settlement of a class action complaint alleging bid rigging against ACE Ltd. and three current or former officers that was agreed by the parties

Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Poland - for a criminal investigation into Maciej Soporek and Warszawska Grupa Inwestycyjna Consulting Spolka z ograniczona odpowiedzilnoscia for suspected illegal financial activity.

Sixty year old Brian O'Hara, who recently appeared to be having financial problems, has ended a brief retirement to take up a $2.4 million consulting agreement with his former employer, XL Capital.Details of the arrangement were disclosed by XL in

Two US based plaintiffs claim they were defrauded in a captive insurance program operated from Bermuda.Details are contained in a civil complaint filed at the U. S. District Court for the Southern District of New York on December 24, 2008,

A federal court in the United States has issued an injunction preventing the Bahamas and Swiss operations of UBS from selling collateral for a customer's $7 million loan.The injunction against UBS (Bahamas) Ltd. and UBS AG was granted at the

Bernard Madoff's Bankruptcy Trustee has sued three British Virgin Islands domiciled hedge funds and two offshore banks in Bermuda and Gibraltar in an attempt to recover $405 million that he claims they collectively redeemed from the Ponzi scheme shortly before

A federal judge in Manhattan has thrown out an arbitration award that was made last year against Bermuda based Scandinavian Re in favor of The St. Paul Companies regarding a $290 million finite risk dispute.In a ruling on February 23,

A U. S. subsidiary of Bermuda domiciled Syncora Holdings Inc. is suing a subsidiary of Bear Stearns in an attempt to recover hundreds of millions of dollars that it has paid out due to the collapse of the sub prime

A California based subcontractor is suing a British subsidiary of Bermuda based Aspen Insurance Holdings Ltd. for damages of at least $384,000, alleging the insurer refused to meet a litigation related claim. Pengilly Masonry, Inc., a California corporation, filed a

A U. S. subsidiary of Bermuda based AXIS Capital Holdings Ltd. is seeking a declaratory judgment at federal court in Boston that it is not legally bound to pay for legal fees or potential damages incurred by one of its

A class action lawsuit has been filed against several offshore entities and individuals on behalf of investors in four hedge funds who allegedly lost over $3 billion in the Bernard Madoff fraud. Among the offshore defendants are Bank of Bermuda

A U. S. subsidiary of Bermuda based AXIS Capital Holdings Ltd. is seeking to avoid having to pay the litigation costs of one of its insureds.AXIS Surplus Insurance Company, an Illinois corporation based in Alpharetta, Georgia, filed a complaint for

Bermuda based finite risk reinsurer Inter Ocean Reinsurance Company Ltd., which has been in run off since 2005, is being sued for $20 million by four subsidiaries of U. S. Fortune 500 company Assurant, Inc. The complaint against Inter Ocean

A British subsidiary of Bermuda based Aspen Insurance Holdings Ltd. is seeking to avoid paying an insurance claim of approximately $1.2 million.Details are contained in a civil complaint filed by Aspen Insurance UK Ltd., based in London, against Dune Energy,

Offshore services provider Jonathan Curshen has lost the first of two securities fraud complaints filed against him by the United States Securities and Exchange Commission. Curshen, 42, a former Honorary Consul for St. Kitts & Nevis in Costa Rica who

Canadian national George Georgiou has been criminally indicted in the United States for allegedly defrauding two Bahamas based broker dealers of at least $29 million in a securities scam. Georgiou, 39, masterminded a scheme that caused losses of "approximately $25

Findings of Fact, Conclusions of Law and Orders Regarding Jonathan Curshen in SEC v. Jonathan Curshen, C. Jones & Company, Carter Allen Jones, Timothy Miles, and Gaylen Johnson at the U. S. District Court for the District of Colorado.

First Amended Complaint in The Cascade Fund LLLP v. Absolute Capital Management Holdings Limited, Absolute General Partner Limited, Florian Homm, Sean Ewing, John A. Fleming, Ronald E. Tompkins, and Ullrich Angersbach at the U. S. District Court for the District of Colorado.

Former RenaissanceRe Chairman and CEO James Stanard has been fined $100,000 after a United States federal judge determined that he had committed civil securities fraud regarding a finite risk transaction with Bermuda based Inter Ocean Ltd. U. S. District Judge

Bermuda based Allied World Assurance Company Ltd. is being sued in the United States for allegedly failing to pay a reinsurance claim of $886,000.Details are contained in a civil complaint filed against AWAC by OneBeacon Insurance Company, domiciled in Pennsylvania

A Nebraska financial adviser who is defending six lawsuits and an arbitration involving securities fraud allegations is suing a US subsidiary of Bermuda based Arch Capital Group Ltd. for allegedly refusing to pay his legal fees.Details are contained in a

A subsidiary of Bermuda based Alea Group Holdings (Bermuda) Ltd. is seeking a declaration from a United States court that it has no liability in a class action complaint brought on behalf of anyone who received unsolicited promotional faxes from

A civil complaint in which two Bermuda insurers were accused of illegally profiting from a 'stolen' business idea has been reinstated in New York less than two months after it was dismissed.Plaintiff Hans Futterman, a resident of New York City,

Three insurers with Bermuda connections will be closely watching a securities class action complaint filed against rating agencies McGraw Hill Companies, which owns Standard & Poor's, and Moody's Corp. investment bank Morgan Stanley and others in California.Allied World Assurance Company

XL Capital chairman Brian O'Hara appears to have settled his debt to UBS Bank, which was suing the insurance executive in the United States in an attempt to recover $1.5 million of outstanding loans. UBS Bank USA, of Salt Lake