Insight and Intelligence on the London & International Insurance Markets

4 February 2012

Willis facing September Stanford showdown

10 September 2010

This month is set to be a busy one for litigation connected with the collapse of Stanford Financial Group (SFG) and its alleged $7bn+ Ponzi scheme.

Willis Group will shortly discover whether its role as a broker to the fraud-hit empire will result in a formal class action.

The international broker - which placed bankers' blanket bond and directors' and officers' cover for SFG - has faced a barrage of multi-billion dollar complaints in the aftermath of the group's collapse...

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