Insight and Intelligence on the London & International Insurance Markets

4 February 2012

Stanford underwriters stand firm

4 June 2010

Disgraced financier Allen Stanford has written personally to the US judge presiding over the Stanford Financial Group (SFG) directors' and officers' (D&O) dispute to ask to be allowed his own choice of counsel.

In his 21 May letter to Judge Nancy Atlas, the former head of SFG insisted that Lloyd's underwriters are withholding approval of a fresh set of criminal attorneys.

Stanford said Lloyd's insurers Ace, Beazley, Brit, Chaucer and QBE, as well as Arch Specialty, have "thwarted my every...

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