More than 37,000 clients of Homeland Life Insurance Company Ltd are facing uncertainty about whether they would get back their insured amount owing to a lack of liquidity at the insurer caused by alleged irregularities, the regulator found.
Cyber insurance and security provider Resilience Cyber Insurance Solutions has created a captive reinsurance company. Through the Bermuda-based captive,
Centaurus Financial is owed coverage from an Intact Insurance unit for claims it provided poor advisory services, the investment services company told a California federal court, saying the insurer had wrongly denied all coverage.