The extradition of three British banking executives to the United States over fraud charges stemming from the downfall of Enron should not immediately impact the price of directors and officers liability insurance, according to Aon brokerage.
On Monday, after a four-year effort, authorities cleared the final legal hurdles needed to extradite former bank executives Gary Steven Mulgrew, Giles Robert Hugh Darby and David John Bermingham, all in their mid-40's, to a U.S. Federal Court in Houston.
The trio face charges of allegedly defrauding NatWest Bank of $7.3 million in a scheme engineered by them and executives at Enron.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
