Reinsurance News
Beechwood Re
Cayman Islands authorities to wind up Beechwood Re following fraud scandal
29th November 2018
The Grand Court of the Cayman Islands has approved a petition for the winding up of Beechwood Re, a locally domiciled reinsurer that is being sued for fraud in the U.S and has ties to the hedge fund Platinum Partners, which collapsed after a federal investigation last year. Grand Court Justice ... Read the full article
Beechwood sold after reputation loss from Platinum Partners scandal
3rd August 2017
Beechwood, a group of reinsurance and asset management companies, has been sold in a last ditch attempt to salvage the firm instead of shutting it down after it suffered reputation loss when hedge fund Platinum Partners collapsed after a federal investigation, Reuters reported. Platinum's top executives and founder were arrested ... Read the full article
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