Manufacturing group Honeywell has reached "agreements in principle" with its asbestos claimants suing North American Refractories Company (Narco).
Honeywell is close to agreement with an estimated 190,000 of the claims against Narco.
The agreement would allow Narco to set up a trust to settle current and future asbestos claims.
Such a settlement could be worth $2bn and up to 60m shares of common stock being pursued by Halliburton.
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.
