A dispute between Belvedere Insurance and GTE Reinsurance Company, which are both based on the island, turned ugly this month when the latter applied to Bermuda Supreme Court to have the former wound up. The irony of GTE Re's application is that the company is believed to be a net debtor of Belvedere's, rather than a net creditor.
Articles Bermuda Featured Insurance Liquidations & InsolvenciesJuly 31, 1998
GTE Re applies to wind-up Belvedere Insurance in dispute over $9M fee
25 years ago
TopicsBermuda Insurance Liquidations & Insolvencies
KeywordsBelvedere Insurance Bermuda Insurance Market GTE Re Liquidations & Insolvencies