Goshawk breaches banking covenants
Troubled Bermudian (re)insurer Goshawk has announced that it has breached “certain of its banking covenants”. The firm says it is “working closely with its lenders in order to resolve the position going forward”.
Goshawk also unveiled exposure to Hurricane Wilma of between US$8m to US$15m and in a further blow revealed that the Bermuda Monetary Authority (BMA) has notified the company that it intends toOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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