Insight and Intelligence on the London & International Insurance Markets

4 February 2012

Nine Stanford lawsuits threaten Lloyd's FI market

10 March 2009

Mounting litigation against Stanford Financial Group (SFG), the banking and investments group at the heart of $8bn fraud allegations from US regulator the Securities and Exchange Commission (SEC), is likely to translate into claims against the London market insurance policy placed by Willis.

SFG bought directors' and officers' liability insurance (D&O), bankers' blanket bond insurance (BBB) and errors and omissions (E&O) cover for its global operations, including its private banking operations based in Antigua and broker-dealer subsidiary in the US...

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 March 2009/2

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