Independent Insurance's liquidators Pricewaterhousecoopers (PWC) have discovered three further reinsurance contracts put in place by chief executive Michael Bright, The Times reported this morning.
Last month Independent said it had found alleged reinsurance arrangements that were put in place by Bright without the knowledge of the company's directors.
Bright denies this was the case.
PWC now has knowledge of three more reinsurance arrangements by Bright, which are thought to have been reported to them by Ireco, a subsidiary of GE Capital.

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