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Lloyd’s Reinsurer Equitas Reports Surplus Decline

NU Online News Service, June 11, 8:57 a.m. EDT? Equitas, a reinsurance vehicle set up in 1996 to reinsure non-life liabilities of Lloyd’s of London syndicates, said in its annual results that it added another ?296 million (approx. $545 million) into reserves against asbestos, bringing its overall asbestos reserves to ?2.8 billion ($5.2 billion).[@@]

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