HCC leads $250mn Willis-brokered MF Global D&O cover
Underwriters of directors' and officers' (D&O) insurance are facing up to $250mn of claims from the failed US broker MF Global, The Insurance Insider can reveal.
MF Global, once a leading broker in markets for commodities and listed derivatives, filed for bankruptcy on 31 October after a failed massive bet on Eurozone sovereign debt.
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Through Willis the broker purchased $150mn of
standard ABC-Side D&O cover which protects the directors and
officers, reimbursements and the entity, The Insurance...
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