Insurance firm to demand repayment of $7.5m bonus from Armstrong

Lance Armstrong is now facing the prospect of having to repay millions of dollars in prize money after he was formally stripped of his professional titles.

The disgraced cyclist has been handed a lifetime ban from the sport and has also been stripped of his seven Tour de France victories after world governing body, the UCI, decided to accept the findings of the US Anti-Doping Agency's investigation into Armstrong.