Lloyd's of London insurers still on hook for Petrofac exec's costs
By Martin Coyle ( October 15, 2026, 16:12 GMT | Insight) -- Four insurers have lost an appeal of a High Court ruling that said they must continue to pay the multi-million pounds criminal defense costs of two former Petrofac executives accused of bribery. It emerged in court on Thursday that legal costs for the men have reached £30 million, so far. The men are now using a second policy for the criminal trial which has a limit of £45 million.Four insurers have lost an appeal of a High Court ruling that said they must continue to pay the multi-million pounds criminal defense costs of two former Petrofac executives accused of bribery....
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