cede News

Chartis to Transfer Asbestos Liabilities to National Indemnity Company

The bulk of Chartis’ legacy asbestos liabilities will be transferred to National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway Inc., as part of Chartis’ ongoing strategy to de-risk, Chartis announced. The transaction with NICO covers potentially volatile U.S.-related asbestos …