Directors face three year ban
Three directors of Leicester-based broker, Shakespeare Underwriting, have been disqualified for failing to comply with their Terms of Business Agreement (TOBA), Insurance Age has found.
Michael Thomas Kelly, Richard Trinder and Martin Sheppard have all been banned for three years by the Insolvency Service starting January 2008.
A statement on the Insolvency Service’s website said the type of insolvency was administrative. The three directors ‘abrogated their responsibility as a director in allowing Shakespeare Underwriting to fail to comply with the TOBA dated 22 November 2004 between Shakespeare and Landmark Insurance Company.’
In addition, they failed to comply with the
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