Insurance Age

Judge questions Bright's remorse

As the long-running saga of Independent Insurance finally drew to a close, there was a sense of regret in the industry at the protracted demise of a company that many felt had revolutionised the market.

Former directors Michael Bright, Philip Condon and Dennis Lomas were sentenced to seven, three and four years, respectively, for their roles in the collapse of a company that, at its height, had a market value in excess of £900m. They were instructed to serve at least half of their sentences

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