Equitas, Halliburton $575 M Asbestos Settlement

NU Online News Service, Jan. 30, 2:20 p.m. EST?Lloyd's of London's reinsurer, Equitas, has a reserve of about ?5.3 billion (U.S. $9.7 billion) to cover more asbestos settlements, a spokesperson for Equitas said following a $575 million agreement with Halliburton.[@@]

"We're keen to speak to as many people as we can," said the spokesperson.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.