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 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.
Persons:
Wood, Jose Luis Magana
Organizations:
Tysers, Justice Department, Associated Press The Justice, Tysers Insurance, Southern District of
Locations:
H.W, Southern District, Southern District of Florida