Clarendon America Insurance Company

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    Clarendon America obtains judgment against Ray Stocks in $40 m fraud action

    Clarendon America Insurance Company has obtained a default judgment against one of four defendants accused of causing the insurer damages of at least $40 million due to fraud.Judgment was entered against Lyndal Ray Stocks, a.k.a. Ray Stocks, of Houston, Texas, on February 7, 2003 at New York State Supreme Court. The court has yet to order a penalty.The case against co-defendants Eton Management Corp., registered in Delaware but based in New York; Martin Hoffman, of Bal Harbor, Florida; and his son, Wade Hoffman, of New York, is ongoing.

    New-look Clarendon ends Eton Management contract

    The Clarendon Insurance Group has terminated a substantial business production agreement with New York-based Eton Management, which is run by notorious businessman Martin Hoffman.

    Clarendon America’s widespread breaches of Delaware insurance laws

    Clarendon America Insurance Company moved its domicile to New Jersey in 1995 not long after a damning report into its business affairs by Delaware regulators, Offshore Alert can disclose. The company, which forms part of the US/Bermuda-based Clarendon group, was found to have breached numerous regulations during an examination by regulators Nicholas Prumatico and Ronald Fox.