Articles Bermuda Featured Fraud Insurance Listed Securities Stirling Cooke United Kingdom USAAugust 31, 1999
Transamerica wins arbitration to rescind Stirling Cooke-brokered spiral business
23 years ago
Stirling Cooke Brown Holdings has suffered a major setback in an arbitration held recently in London. The arbitration panel decided by three votes to nil to rescind reinsurance contracts for 1993 and 1994 that the San Francisco-based Transamerica insurance/financial services group had with Duncanson & Holt, Chubb Insurance Group and Chubb-subsidiary Federal Insurance Company.