Financial lines/D&O
Acted for D&O and PI reinsurers of the insurers
of various telecommunications companies and
their directors who were subject to US securities and ERISA class actions. |
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Our London Market reinsurer clients had underwriting and
coverage concerns about claims made by certain telecommunications companies and their insurer following the commencement of numerous multi-billion dollar securities and ERISA class actions
in the USA.
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Our clients adopted a unique position and brought proceedings for declaratory relief in the London Commercial Court. The dispute was discontinued by consent following mediation.
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