US court finds for Travelers’ in 1970’s reinsurance dispute
Travelers’ subsidiary Fidelity & Guaranty was awarded $262.3m plus interest against a group of insurance companies including American Re-Insurance, part of Munich Re in an asbestos-injury dispute from the 1970s, Bloomberg reports.
The Munich Re unit was ordered to pay the most - $202.5m plus interest.
“We are currently evaluating the ruling to assess all of the issues, which will form the substance of an appeal,” a spokeswoman for Munich Re, said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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