Lloyd's welcomes landmark Equitas deal
Lloyd’s today welcomed the announcement of a transaction between Equitas and Berkshire Hathaway Inc. Once completed this will end the residual legal liabilities of Lloyd’s and bring finality to Names reinsured by Equitas.
The transaction will provide a further £3.8 billion ($7 billion) of reinsurance cover to Equitas and, when finalised, will end liabilities for Names under policies reinsured by Equitas. It is intendedOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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