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18 May 2012

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Stanford director sues Lloyd's insurers for $45mn

23 March 2009

A number of Lloyd's insurers are facing a claim for more than $45mn in damages from the former chief investment officer (CIO) of Stanford Financial Group (SFG) - the banking and investments organisation at the heart of $8bn fraud allegations.

The group's former CIO Laura Pendergest-Holt filed the suit on 17 March in the district court of Dallas County, Texas, against six Lloyd's syndicates. She is demanding in excess of $5mn in actual damages and $40mn in punitive damages for...

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