Zurich in settlement with SEC

(BestWire) - The U.S. Securities and Exchange Commission filed a lawsuit against and simultaneously entered a $25m settlement with Zurich Financial Services. The lawsuit alleged civil securities fraud related to finite reinsurance transactions.

"Only the court can approve the settlement," said Gerald Gross, assistant regional director of the SEC's New York office. "We anticipate that will happen."

The SEC said Zurich Financial's former

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60 Seconds With... Foil’s Pete Allchorne

Pete Allchorne, partner at DAC Beachcroft and president of the Forum of Insurance Lawyers, would like to be “Doctorin’ the Tardis”, finds ironing therapeutic, and can be found dancing to “Uptown Funk” by Mark Ronson and Bruno Mars.

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