Topic: Alpha Re Limited
CIMA revokes licence of insolvent reinsurer Alpha Re
The Cayman Islands Monetary Authority has notified the official liquidators of Alpha Re that it has pulled the insolvent reinsurer’s insurance licence for continued breaches of the Insurance Act.
Insolvent Cayman reinsurer sued over alleged $135 million fraud
The Cayman Islands-registered reinsurer Alpha Re Limited went into court-supervised liquidation in March, but is now being sued by a Utah-based insurance company that claims to be a victim of a US$135 million fraud.
