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Equitas sues US government over Libya terrorism claims

11 August 2014

Lloyd's run-off vehicle Equitas is suing the US government for $97mn after it prevented insurers from pursuing the Libyan government for its involvement in terrorism attacks, including the Lockerbie bombing.

Lloyd's insurers, alongside US legacy carrier Aviation & General, paid out $55mn in 1988 after the Pan Am plane exploded over the small town in southern Scotland, killing 270 people.

Separately, claimants were paid almost $42mn after hundreds were killed when an Egypt Air flight was hijacked and subsequently destroyed...

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This article was published as part of issue August 2014/2

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