Insight and Intelligence on the London & International Insurance Markets 23 Sep 2017

To view the full Insurance Insider site click here

D&O market could face Barclays fraud claim

  • Catrin Shi and Charlie Thomas 27 June 2017
  • Any insurance claim stemming from the fraud allegations faced by UK banking giant Barclays would probably fall to the London directors' and officers' (D&O) market, The Insurance Insider understands.

    Sources told this publication that even though a financial institutions (FI) crime policy would typically cover instances of fraud, the circumstances around this particular case meant the D&O market could pay out tens of millions of pounds.

    Barclays, its former chief executive John Varley and three other ex-senior executives have been...

  • If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership
  • Login Free trial
  • Login