“In 2015, for instance, Chinese state-owned banks lent $1.2 billion to a private Chinese business to buy an 80% stake in Ironshore, a U.S. insurer whose clients included the Central Intelligence Agency and Federal Bureau of Investigation officials and undercover agents who might need help paying legal bills in case they got into trouble in their jobs.”
insuring people for things that have never happened is very profitable
I don’t think it’s trouble like being evil. Probably more like, had an affair with their boss’s wife, looked at CSAM on the work computer, stole money from another asset. The usual hijinks.