DOJ Settles With Two U.K. Reinsurance Brokers Over Ecuador Bribes

null By David SmagallaNov. 20, 2023 6:44 pm ETTysers Insurance Brokers will pay a $36 million criminal penalty, while H.W. Wood will only pay a $508,000 penalty due to its financial condition, the Justice Department said. Photo: Jose Luis Magana/Associated PressThe Justice Department has settled with two U.K.-based reinsurance brokers that admitted to participating in a scheme to bribe Ecuadorean government officials.Tysers Insurance Brokers and H.W. Wood have agreed to enter into three-year deferred prosecution agreements filed in the Southern District of Florida. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Continue reading your article witha WSJ subscriptionSubscribe NowAlready a subscriber? Sign InSponsored OffersTurboTax: Save up to $15 with TurboTax coupon 2023The Motley Fool: Epic Bundle - 3x Expert Stock RecommendationsH&R Block Tax: Get 20% off H&R Block tax software productsTop Resume: Top Resume Coupon: 10% off professional

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Opinion Nov 21, 2023 Add to Reading List

DOJ Settles With Two U.K. Reinsurance Brokers Over Ecuador Bribes

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David Smagalla

Nov. 20, 2023 6:44 pm ET

Tysers Insurance Brokers will pay a $36 million criminal penalty, while H.W. Wood will only pay a $508,000 penalty due to its financial condition, the Justice Department said. Photo: Jose Luis Magana/Associated Press

The Justice Department has settled with two U.K.-based reinsurance brokers that admitted to participating in a scheme to bribe Ecuadorean government officials.

Tysers Insurance Brokers and H.W. Wood have agreed to enter into three-year deferred prosecution agreements filed in the Southern District of Florida.