Victory VII
Two court breakthroughs - one in the UK, one in the US - have greatly boosted the potential of a powerful new mechanism for shifting liabilities out of companies in run-off. Scot Ramsay reports
The big insurance news in May this year was that the English High Court had sanctioned the first 'Part VII transfer' of liabilities out of a Lloyd's syndicate in run-off, so creating an alternative to
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