Transfer Of Asbestos Claims To NICO ‘Credit-Positive’ For Chartis

Moody’s Investors Service says a recently announced transaction that will see Chartis transfer legacy asbestos claims to National Indemnity Insurance Company (NICO) is credit positive for Chartis, as it reduces the insurer from adverse development of asbestos liabilities.

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NU Online News Service, April 21, 1:59 p.m. EDT

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