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Independent directors deny reinsurance knowledge
Two executive directors of Independent Insurance denied any knowledge of the reinsurance contracts that contributed to the company's demise, the Financial Times (FT) reported today.The FT said that finance director Dennis Lomas and deputy managing director Philip Condon had not been told about the contracts.The unfavourable terms of the contracts ...
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Serious Fraud Office to Investigate Independent
The Serious Fraud Office (SFO) will examine the events leading up to Independent Insurance's collapse, it confirmed last night.
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Independent Insurance goes into liquidation
Independent Insurance has plunged into liquidation after its board successfully applied for an emergency winding up order from the High Court over the weekend.
