Centrix Capital Management

Owner of Bermuda captive Founders Insurance accused of concealing assets to avoid $70 m guaranty

November 2, 2009

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

Everest Re subsidiaries sue for $80 m damages in U. S.

April 7, 2007

Two wholly-owned, U. S. subsidiaries of Bermuda-domiciled Everest Re Group Ltd. are seeking $80 million in damages in New Jersey, alleging fraud against a client.Details are contained in two civil lawsuits that were filed on February 7 and March 14, 2007 at the U. S. District Court for the District of New Jersey by Everest National Insurance Company and Everest Reinsurance Company, which are both incorporated in Delaware, based in Liberty Corner, New Jersey.

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Owner of Bermuda captive Founders Insurance accused of concealing assets to avoid $70 m guaranty

Everest Re subsidiaries sue for $80 m damages in U. S.