The ruling represents a clean win for the insurer group, which coordinated their defense despite being on different layers of the coverage tower. Four other excess carriers, ACE Bermuda Insurance Ltd., XL Insurance (Bermuda) Ltd., American International Reinsurance Company Ltd., and Chubb Atlantic Indemnity Ltd., had their claims sent to arbitration and weren’t part of the court proceedings.
Lloyd’s, Swiss Re beat coverage claim on derivative liability dispute
By Awais
