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Insurance boss contests £48m payout

Former Ace and Axis boss John Charman, ordered to pay his former wife £48m in what has been descibed as the biggest divorce award in British legal history, has been given permission to take his case to the Court of Appeal.

His case, in which he will argue that his £20m offer to his former wife was more than adequate, has been listed for hearing from March 7 next year.

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