Lloyd's carriers agree $89mn Sewol settlement: report

Lloyd's carriers have settled a dispute with Korean Re over
100bn won ($89mn) of stalled compensation payments related to the
Sewol ferry sinking in 2014, according to a report.
Korean newspaper The Investor reported this week the
parties had settled the dispute over 150bn won of reinsurance
policies that two local carriers, Samsung Fire & Marine
Insurance and Korean Re, had purchased from the Lloyd's
market.
The operator of the vessel, Chonghaejin Marine, originally
bought a combined 150bn