Broker: Lomas knew of payback deals
Dennis Lomas was aware of ‘payback’ reinsurance terms and contracts between Independent and Ireco in late February 2001 and it was believed that Michael Bright was almost certainly aware of their general nature, if not the finer detail, according to testimony from an Aon employee in court today, writes Mark Geoghegan .
Today the court heard testimony from Elizabeth Holloway, a risk analyst with Aon Risk Consulting, the firm retained as consultants for Independent’s direct reinsurance relationships with its Ireco
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