Articles Bermuda Featured Fraud Insurance Listed Securities Stirling CookeMarch 31, 1999

    Stirling Cooke Brown Holdings in crisis

    mm
    By
    25 years ago

    Topics

    Bermuda Fraud Insurance Listed Securities

    Keywords

    Bermuda Insurance Market Centaur Underwriting Management Limited Christopher Henton Clarendon Insurance Group Euro International Underwriters Limited
    Hannover Re John Hubert Whitcombe Nicholas Brown Odyssey Re (London) Limited Raydon Underwriting Management Company Limited Re Underwriting Management (Bermuda) Limited Reg Billyard Sphere Drake Insurance Plc Stirling Cooke Web Management LLC
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    Serious questions about the future of Stirling Cooke Brown Holdings are being raised following the filing of a lawsuit in New York accusing the firm of racketeering and fraud and the collapse of its share price to an all-time low on NASDAQ.
    The company has also disclosed for the first time in its SEC filings that it is involved in several arbitrations in the UK and is also a defendant in seven different lawsuits that were filed last year by reinsurers and reinsureds claiming to have been defrauded.