Two UK subsidiaries of the Bermuda-based AlphaStar Insurance Group, formerly Stirling Cooke Brown Holdings, have lost a UK High Court judgment that has implications for many related reinsurance lawsuits and arbitrations around the world.AlphaStar’s share price fell from 13 cents to seven cents per share after the judgment was released today and many in the industry expect the decision to render the long-troubled firm insolvent.
Stirling Cooke loses High Court judgment to Sphere Drake Insurance
21 years ago
Topics
Bermuda Fraud Insurance Listed Securities United KingdomKeywords
AlphaStar Insurance Bermuda Insurance Market Christopher Reginald Colin Henton Euro International Underwriting Jeffrey Ronald Butler