Four banned for role in Sphere Drake spiral losses

by Sarah Veysey (mailto:SVeysey@BIEurope.com) at Business Insurance: Breaking News

LONDON?The Financial Services Authority has banned four individuals for dishonest involvement in reinsurance business that funnelled significant losses into Sphere Drake Insurance Ltd. The London-based FSA, the U.K. insurance regulator, said in a statement it had banned John Hubert Whitcombe,...

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