Centre Solutions/Zurich Insurance Group accused of fraud
Not for the first time, the Centre Solutions/Zurich Insurance Group has been accused of ripping off insolvent insurers not long before they went bust, allegedly enriching itself at the expense of creditors.Several entities and individuals within the group are involved in litigation with the California State Insurance Commissioner.The Commissioner is seeking to void and recover $202 million of allegedly fraudulent transfers and recover damages for losses suffered under the commutation of a reinsurance agreement.