$50bn fraud could hit insurance hard
Paul Towler, partner at JLT, said: "The litigious environment that prevails means that its inevitable that financial institutions who invested clients' assets in Madoff's funds will face actions from disgruntled clients seeking to recover lost monies.
"The likely focus of clients will be the level of due diligence performed by the financial institutions. A range of insurance cover is available to protect firms and their clients from incidents such as this; however, the worry is whether they have
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Aviva’s Covid-19 BI claims exposure down to broker wordings
- Masojada: Hiscox regrets "anguish and uncertainty" caused by Covid-19 BI dispute
- Brightside sold to Markerstudy seven years after collapse of initial deal
- Aston Lark buys Magenta Insurance
- JM Glendinning buys Staffordshire broker
- Third deal in a week for Aston Lark
- Aviva's UK operating profit falls in 2020