Lloyd's insurance syndicates have moved to block 45 million pounds in defence funding for two former Petrofac executives facing bribery charges. The executives hold directors' and officers' insurance coverage from the syndicates.
Lloyd's syndicates move to block Petrofac executive legal funding
Insurance syndicates at Lloyd's have sought to prevent 45 million pounds in defence costs being paid for two former Petrofac bosses accused of bribery.