Liability Risk and Insurance
Equitas increases reserves for asbestos claims
Equitas has increased its reserves by £167mn to pay for asbestos claims. The
Lloyd's run-off vehicle reported a surplus of £16mn for the year to March 31, compared to a deficit of £67mn for the prior year.The
accumulated surplus is £476mn.
Equitas said that its solvency margin rose during the year to 12.2% from 9.8%.