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18 May 2012

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Willis places Stanford FI cover in London Market

23 February 2009

Stanford Financial Group, the banking and investments group at the heart of $8bn fraud allegations from US regulator the Securities and Exchange Commission (SEC), bought directors' and officers' liability insurance(D&O), bankers' blanket bond insurance (BBB) and errors and omissions (E&O) cover in the London Market through global insurance broker Willis, The Insurance Insider can reveal.

The Insurance Insider understands that the three covers were placed in the London financial institutions market, with players that count Brit Insurance, Lloyd's insurer Talbot...

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