Libor rate scandal under the spotlight for insurers

The Libor rate fixing scandal that has tainted the banking industry now threatens to spill over into insurance.

Insurance Times takes a closer look at the manipulation of the Libor rate and the potential flood of D&O lawsuits piling up.

Marsh’s head of management liability Matthew Rolph warned that hedge funds and asset managers could be next.

But he said that despite the claims arising from the Libor scandal it also presented a number of opportunities for insurers to provide cover to firms and individuals.