Insight and Intelligence on the London & International Insurance Markets

22 May 2012

Search archive

Other articles of interest
Catalina appoints Morgan Stanley for capital raise
Start-up fundraising proves mixed bag ahead of June renewals
Catalina appoints Morgan Stanley for capital raise
Flagstone run-off bidders face $50mn severance obstacle
Key Third Point hire signals cat sidecar launch

Hedge funds pursue PXRE losses

4 February 2010

A US judge has granted 19 hedge funds leave to re-submit their action against failed Bermudian reinsurer PXRE after he dismissed it on a technicality.

District Judge Richard Sullivan allowed Anegada Master Fund and 18 others to file a new version of their complaint against PXRE's successor, Argo Group, alleging that PXRE misrepresented the extent of its losses from hurricanes Katrina and Rita.

They claim that PXRE understated its hit from the 2005 hurricanes in order to rebuild its balance...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share: This article was published as part of issue February 2010/1

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π