As Ron Sandler, chairman of Bermudian insurer Ironshore Ltd and the former CEO of Lloyd’s, takes the helm at newly nationalised UK bank, Northern Rock, the bank’s directors’ and officers’ (D&O) policy looks set for a total loss.
As Ron Sandler, chairman of Bermudian insurer Ironshore Ltd and the former CEO of Lloyd’s, takes the helm at newly nationalised UK bank, Northern Rock, the bank’s directors’ and officers’ (D&O) policy looks set for a total loss.