Honeywell International Inc. sued a trust for victims of asbestos poisoning, claiming the fund’s managers are wrongly paying people who say they were harmed by the toxic industrial substance. The lawsuit, filed in Pittsburgh, comes after years of acrimony between …
The billionaire owners of OxyContin maker Purdue Pharma LP and lumber giant Georgia-Pacific are in high-stakes legal battles to shed billions of dollars of liabilities in bankruptcy — the first over their company’s alleged role in America’s opioid crisis and …
Zurich Insurance plc has entered into an agreement with Catalina, a specialist acquirer of legacy insurance portfolios, to transfer its pre-2007 UK legacy employers’ liability policies to Catalina. As of December 31, 2017, the portfolio comprised gross liabilities of USD$2 …
RSA Insurance announced it has signed contracts, to dispose £834 million (US$1.04 billion) of UK employers’ liability legacy business to Enstar Group Ltd. The transaction initially takes the form of reinsurance (a 100 percent quota share policy) to be effective …
Liberty Mutual Insurance said it has reached a deal with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc., on a combined aggregate adverse development cover for substantially all of Liberty Mutual’s U.S. workers’ compensation, asbestos and environmental liabilities. …
