John Dingell

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    Carlos Miro: ‘Mark Cooke knew I was a crook but did business with me anyway’

    The seemingly never-ending flow of negative information that is passed our way about Bermuda-based Stirling Cooke Brown Holdings Limited continued this month when our attention was drawn to Page 43 of the 1994 'Wishful Thinking' report published by a US congressional sub-committee chaired by John Dingell. The content of this page formed part of a look at the illegal activities of Carlos Miro, who received a lengthy prison sentence in the US for insurance fraud in connection with his Louisiana-based company, Anglo-American Insurance, which also had a UK arm.

    Details of Clarendon insurance group’s past shady dealings

    An extract that mentions the Clarendon Insurance Group that appeared in the 'Failed Promises' report into the insurance industry that was published in the early 1990s by a US Congressional committee chaired by John Dingell.

    Bermuda attacked by US politicians over Bermuda Fire ‘fraud’

    A powerful political body in the US has launched a blistering attack on Bermuda over its handling of the collapse of Bermuda Fire & Marine Insurance.Over $40 million in assets that were dividended out to the insurer's shareholders in 1991 has been described as "a prime example of outrageous irresponsibility by an offshore insurance company".The matter was "exacerbated by a cavalier disregard for the consequences on people living elsewhere", said a report released this week entitled ‘Wishful Thinking: A World view of Insurance Solvency Regulation.'