Financial Lines and Professional Risks
These are our principal areas of operations, investigating claims from a range of institutions, including banks, investment houses, stockbrokers, financial advisers, accountants, insurance brokers and government bodies, under such policy types as:
- Bankers’ Blanket Bond
- Plastic Card Cover
- Professional Indemnity/Errors and Omissions
- Directors’ and Officers’ Insurance
- Public Servants’ Liability
Sample Cases
- Multi-million USD bills of lading & letters of credit fraud perpetrated on banks in UAE and across the Middle East.
- USD 90m infidelity loss in Korea, involving letters of credit.
- EUR 2.5m procurement fraud at a bank in Moscow.
- Counterfeit letters of credit in South Africa.
- Rogue foreign currency trading in Poland.
- Safe deposit box burglaries in Norway, Spain and Colombia.
- “Ideological forgery” claims. Loss of credit funds through forgery of land registry documents in Bolivia.
- USD 20m infidelity by agency manager in Bogotá who started embezzling funds via fictitious loans.
- USD 1.4m parallel banking infidelity in Ukraine.
- USD 1.5m “trading loss” after advancement of funds against un-cleared items of deposit in Venezuela.
- Plastic card claims and reviews for Visa and MasterCard operators in Colombia, Lebanon and Turkey.
- GBP multi-million mis-selling claims against UK financial institution in respect of regulated investment bonds.
- Professional negligence claim against an architect involving the design/build of a holiday villa in Malta.
- Mis-selling claims against financial advisers with regard to the sale of unregulated financial products.
- USD multi-million litigation against Korean office of international accountancy practice.
- Allegations of breach of trust and monopoly legislation in Brazil by a local fibre optic cable provider against the directors and officers of an international telecommunications company.
- Allegations of negligence against a UK investment house regarding erroneous sales of equities and derivatives.
- Claim against stockbrokers in Greece over handling of rights issues.
- Litigation against the stock exchange of a Latin American country arising from expulsions of members from the exchange.
- USD 15m investigation by the National Controller’s Office of Colombia into the purchase and operation of a television subsidiary by senior public servants at a major utility corporation.