Keeping liability at bay

The substantial increase in the number of asbestos bodily injury claims filed in the US over the past year has once again put the spotlight on Equitas, the runoff vehicle charged with the responsibility of settling the Lloyd’s market pre-1993 liabilities. But the company continues to be successful in settling claims and, on average, does so at favourable values relative to reserves, says Michael Crall , chief executive of Equitas.