The Bermuda Monetary Authority and two of its employees - Gerald Gakundi and Susan Davis-Crockwell - are being sued for $25 million in California for allegedly rejecting U.S.-based Newpoint Financial Corp's proposed acquisition of Bermuda's Citadel Reinsurance Company after, among other things, receiving information from "the Gibraltar Regulatory Authority".
U.S. firm Newpoint Financial sues Bermuda regulator for ‘rejecting acquisition of Citadel Re’
2 months ago
Topics
Bermuda England Gibraltar Insurance Listed SecuritiesKeywords
Andrew Bye Bermuda Monetary Authority Charlotte Green Citadel Reinsurance Gerald Gakundi