The Greeks have a word for Equitable; gadfly.

From: The Mail on Sunday (London, England) | Date: July 8, 2001 | Copyright information

THE saga of Equitable Life, the world's oldest insurance company, which found itself a trifle embarrassed to the tune of [pound]1.5 billion, has taken a distinctly Greek twist.

But whether this latest little drama will prove to be tragedy or comedy has yet to be seen.

The story so far: by the wine-dark seas of the Aegean, an Equitable sales agent signed up 20 wealthy Greeks for life assurance policies issued by the troubled 239-year-old mutual society.

The said Greeks proceeded to borrow against these policies from the Guernsey branch of the investment bank NM ...

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