Condon: no role in reinsurance contracts
Philip Condon told the Serious Fraud Office under questioning that he had no real responsibility or involvement with regard to the insurer’s reinsurance contracts once the surplus treaty was replaced in 1997 with five core reinsurers. He said that he had no involvement following the introduction of the first year end contracts in 1999, writes Anthony Gould.
The jury were today read extracts of interviews between Mr Condon and the SFO as part of their investigation, which were read to the court by Kay Rogers, principal investigator, SFO, and James Palfrey
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