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DrDebug Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-01-06 03:01 AM
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9. XL Insurance
XL Insurance is a Bermuda insurance company which is currently owned by AIG. It used to have a strategic allience with AIG. It is well known for its massive fraud and was one of the reinsurances used by Larry Silverstein for the World Trade Center. Both Ace and XL Insurance had a specific clause called WilProp (1) which prevented Larry from getting a double whammy like he did with all the other reinsurance companies.

XL Capital Ltd, a sister company, was also named as one of the inside traders on 9/11 and their stocks were traded at 60 times the usual amount. (2) They were part of Bear Stearns, a company which used to be run by Alan Greenberg.

See also:


    That's the last of the major inside traitors. The others are in the A-Z list.
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