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Excess insurer not bound by primary settlement

BOSTON?A following-form excess liability insurer is not bound to follow an underlying insurer?s decision to settle a claim, the Massachusetts Supreme Judicial Court has ruled. In a case of first...

Amlin to return £120 million excess capital

LONDON, (Reuters)?U.K. insurer Amlin P.L.C. said on Wednesday it would return £120 million ($248.3 million) in excess capital to shareholders, adding its 2007 results were likely to exceed current market...