Equitas settles largest remaining exposure
Equitas said it has settled its largest remaining direct asbestos exposure. The policies of McDermott International subsidiary The Babcock & Wilcox Company, which is undergoing Chapter 11 reorganization, were paid off for $415m (£221m) in trust to a settlement trust account.
The settlement is subject to a number of contingencies, including necessary court approvals, finalconfirmation of the B&W plan of reorganization, and the occurrence of the effective date of the BOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Lloyd’s/London
Where will tomorrow’s insurance talent come from?
How the insurance industry can show young people the career opportunities available to them and ensure experienced professionals pass their knowledge on to the next generation is explored in the latest Insurance Post Podcast.
Only 1 in 10 insurers prioritises knowledge-transfer programmes
The insurance industry could risk losing decades of expertise as experienced professionals retire without properly passing on vital knowledge to the next generation.
Ardonagh merges global MGA businesses to create $3bn platform Orvia
Ardonagh Group is to merge all of its international managing general agent businesses under the Orvia Underwriting brand creating a platform that controls $3bn (£2.25bn) of gross written premium.
Big Interview: Simon Hunt, HDI
Simon Hunt, CEO of HDI UK and Ireland, reveals how he is looking to grow the corporate and specialty lines insurer by launching a new Lloyd’s syndicate and expanding in areas including energy, cyber and healthcare.
Johnny Timpson warns Dive In closure risks inclusion slipping off agenda
Johnny Timpson has warned the insurance industry must find a new way to keep “belonging” a key focus after Dive In held its final festival last month.
Top 100 UK Insurers 2026: Aviva
Aviva Insurance Limited is ranked number 1 and Aviva International Insurance Limited is ranked number 2 once again on Insurance Post’s Top 100 UK Insurers list.
Top 100 UK Insurers 2026: Convex
Convex UK climbs from the eighth spot on last year’s list to seventh place on Insurance Post’s Top 100 UK Insurers List in 2026.
Answer to the London Market brain-drain lies in embedded AI
As veteran talent exits the London Market and junior staff numbers surge, Jamie McDonnell, London market director at Guidewire, says insurers must use embedded AI to speed up training and bridge the experience gap.