Complaint for damages of $25 million alleging “blatant, intentional bad faith malfeasance in denying Plaintiff’s Newpoint Financial Corp. application to obtain a controlling interest in a Bermudian insurance company [Citadel Reinsurance Company Limited] without any, much less good, cause” in Newpoint Financial Corp., a Delaware company based in California v. Bermuda Monetary Authority, Gerald Gakundi, described as “Director for the Insurance Supervision Department at the BMA”, and Susan Davis-Crockwell, described as “Deputy Director of Enforcement for the Legal Services and Enforcement Department at the BMA”, at the U.S. District Court for the Central District of California.
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November 29, 2022
Bermuda Monetary Authority, Gerald Gakundi, Susan Davis-Crockwell
Topics
Bermuda England Gibraltar Insurance Listed SecuritiesKeywords
Bermuda Monetary Authority Citadel Reinsurance Gerald Gakundi Newpoint Financial Susan Davis-Crockwell