Wachovia

British financial advisor Arthur Vann was yesterday sentenced to four years in prison in the U.S. for swindling 14 investors out of $3.2 million via a Cayman Islands hedge fund whose directors included Sandy Schwab, son of California-based billionaire discount brokerage pioneer Charles Schwab.

Plea Agreement by David A. Smith regarding fraud and money laundering charges.

Claims totaling $2 billion "net of security" have been filed against Wachovia Corp.'s failed Bermuda based financial guaranty reinsurer BluePoint Re Limited (in liquidation), according to a recent court filing in the United States.The total comprised 12 claims totaling $1.66

Bermuda-domiciled AlphaStar Insurance Group Ltd. and 11 of its subsidiaries have applied for Chapter 11 bankruptcy protection in New York. The group is seeking breathing room while it seeks buyers for its assets, including policy-issuing subsidiary Realm National Insurance Company, for which AlphaStar "is no longer able to provide capital".