Inquiry Closed
Interactions with Ecuador’s Seguros Sucre, an alleged state owned insurance company, have resulted in three FCPA enforcement actions.
Jardine Lloyd Thompson Group Holdings (March 2022).
Tysers Insurance Brokers (November 2023).
H.W. Wood Limited (November 2023).
Issues To Consider From The Tysers And H.W. Wood Enforcement Actions
This previous post discussed the related DOJ Foreign Corrupt Practices Act enforcement actions against United Kingdom reinsurance brokers Tysers Insurance Brokers Limited (acquired by AUB Group in 2022) and H.W. Wood Limited for “participation in a corrupt scheme to pay bribes to Ecuadorian government officials.”
This post highlights additional issues to consider.
Timeline
AUB previously disclosed in 2022.