Thursday, September 01 2005
Casualty
Lloyd's Reinsurer Equitas Settles Six Asbestos Cases for $300 Million
Publication Date: 08/31/2005
Source: Bestwire Service
LONDON - Equitas, the reinsurance vehicle set up to handle pre-1993 Lloyds liabilities, has settled six asbestos claims worth $300 million. Companies involved in the settlement include Kaiser Aluminum Corp. , Crane Co. and Congoleum Corp.