Legal
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The funding practice has led to a dramatic increase in claims amount, which in turn pushes up rates.
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BOC is believed to be the first lessor to publicly disclose a settlement with its (re)insurers.
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Insurers claim that damage from the “detonation of an explosive” is also excluded.
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The agreement from Fleming to honour original terms still leaves it open to long-term damage.
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Fleming had attempted to land ~$78mn in ‘economic concessions’ on the deal.
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The six execs left Acrisure for rival broker Woodruff Sawyer in March.
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The judge said the lessors “are very unlikely to obtain a fair trial in Russia”.
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The narrative of competition between the two hubs can hold space for benefits.
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The agency will track the potential impact of the lawsuit on James River’s ratings.
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Nord Stream has named Lloyd’s Insurance Company and Arch among the defendants.
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James River sued Fleming yesterday to enforce the $277mn sale of its casualty re unit.
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