London D&O insurers have already paid $15mn ahead of Stanford trial
The London market directors' and officers' (D&O) insurers for fraud-hit Stanford Financial Group (SFG) have so far paid out $15mn in criminal and civil litigation defence costs, court documents reveal.
The figure - as of 30 July - covers the cost of defending Allen Stanford, who is accused of masterminding a $7bn Ponzi scheme with help from former SFG CFO Laura Pendergest-Holt and accounting executives Gilbert Lopez and Mark Kuhrt.
D&O insurers Ace, Arch, Beazley, Brit, Chaucer and QBE have...
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