Pot Swells at Equitas

Daily MailJune 09, 2004

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Summary


EQUITAS, the reinsurer set up to take on the asbestos liabilities that nearly sank Lloyd's of London, set aside an extra Pounds 296m to meet claims. Its gross reserves stand at Pounds 4bn.

It has drawn a line under several big claims, including a Pounds 575m deal with US oil services group Halliburton.

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Pot Swells at Equitas

It closed off its...

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