SFO charges Lloyd’s insurance broker over Ecuador bribery allegations

SFO charges Lloyd’s insurance broker over Ecuador bribery allegations

United Insurance Brokers Limited charged with failure to prevent bribes being paid to officials

Lloyd’s Broker Charged by UK’s SFO Over Alleged Ecuador Bribes

UK fraud cops have charged an insurance broker with bribery, after a four-year probe into alleged corruption involving state-run insurance contracts in Ecuador.

NEWS: Lloyd’s insurance broker charged by UK’s SFO over Ecuador bribes - AML Intelligence

This content is for members only. Visit the site and log in/register to read. The post NEWS: Lloyd’s insurance broker charged by UK’s SFO over Ecuador bribes appeared first on AML Intelligence.

Employees of a British Lloyd's broker are said to have paid bribes to government officials in Ecuador between 2013 and 2016. This is the result of investigations by the British anti-fraud agency SFO. For this reason, she has brought charges against the broker United Insurance Broker before a London court. It is about projects that insured the country's public sectors.

New failure to prevent bribery case should be a wake up call for adequate procedures - VinciWorks

On 17 April 2025, the UK’s Serious Fraud Office (SFO) announced it had charged United Insurance Brokers Limited (UIBL), a Lloyd’s-regulated insurance company, with the corporate offence of failing to prevent bribery under Section 7 of the Bribery Act 2010. The prosecution relates to alleged corrupt payments made by UIBL’s US-based intermediaries to Ecuadorian state officials between 2013 and 2016, in exchange for lucrative re-insurance contracts…

UK insurer charged with bribery in Ecuador - London Business News

The Serious Fraud Office has accused a UK insurance company of failing to prevent international bribery in relation to state officials allegedly paid off in Ecuador. If it makes it… The post UK insurer charged with bribery in Ecuador appeared first on London Business News