Years later, Anglo-American Insurance liquidators still baffled by Centre Re commutation

As John Head’s ESG Re reported its latest quarterly loss, liquidators of one of his previously-failed insurers are still trying to figure out an unusual reinsurance commutation years after the firm collapsed. A major focus of the liquidation of UK-based Anglo American Insurance Company Ltd. is the commutation of financial reinsurance contracts with Bermuda-based Centre Re prior to Anglo’s collapse.