Zurich Commutes Lloyd's Policies For $547 M
NU Online News Service, Feb. 7, 3:50 p.m. EST?Zurich Financial Services Group announced that Centre Group, a subsidiary of Zurich, will pay $547 million to Equitas to rid itself of some outstanding obligations to Lloyd's syndicates.[@@]
According to the announcement from Zurich Financial, the obligations arose from policies once purchased from Centre by the syndicates.
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