Generali in discussions over EUR400mn legacy book

Generali is approaching legacy consolidators to find a solution
for a EUR300mn-EUR400mn ($319mn-$426mn) portfolio of legacy
liabilities written through its UK branch, The
Insurance Insider has learned.
Sources told this publication the portfolio predominantly holds US
asbestos, pollution and health hazard (APH) exposures for business
written up to 2001.
It is understood that the liabilities stem back to when Generali
was a significant following market for major US casualty writers in
London, par