Insurers lose T&N litigation
Insolvent manufacturer Turner & Newall (T&N) has won its case againstits employers' liability (EL) i...
Insolvent manufacturer Turner & Newall (T&N) has won its case againstits employers' liability (EL) insurers in relation to coverage forasbestos liabilities.
Simon Freakley, the global head of administrators Kroll's corporateadvisory and restructuring group, and joint administrator of FederalMogul's UK companies, welcomed the High Court's decision, which found infavour of T&N's administrators. The court decided that the EL coverpurchased from Royal & Sun Alliance (RSA) and Lloyd's from 1972 to
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