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18 May 2012

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Stanford director sues Lloyd's insurers for $45mn
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Stanford CIO's $45mn Lloyd's claim creates dilemma for D&O insurers

6 April 2009

The success of a controversial $45mn claim from Stanford Financial Group (SFG)'s former chief investment officer (CIO) against a number of Lloyd's insurers will boil down to the specific wording of the original directors' and officers' (D&O) policy in which crucial phrasing appears to be absent, according to legal experts.

The dispute is likely to be one of the first of a large number of disputes emerging from the financial turmoil that will rely on legal and court interpretations of...

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