In November 2014, Walmer sold its specialist asset management insurance division, Baronsmead, to AssuredPartners, Inc. a US, private equity backed, insurance group. Baronsmead now trades independently as AssuredPartners London.
Three former NatWest investment bankers on Tuesday saw their last chance of avoiding extradition to the US on Enron-related fraud charges disappear.
In a brief letter sent to the men’s lawyers on Tuesday, the European Court of Human Rights in Strasbourg said that it would not be asking the British government to stay their transfer to the US – so dashing their ﬁnal hopes.
The extradition of a London-based hedge fund manager to the United States under the UK’s controversial “one-way treaty” with the US is inevitable, according to experts.
Robert Kelly, Senior Partner from hedge fund insurer Baronsmead, warned that managers who are heavily involved with US markets were at greatest risk. (more)