Private equity-backed Cathedral and Talbot - a subsidiary of Bermudian reinsurer Validus - are suing music promoter AEG and Jackson LLC in the Superior Court of California, with a view to voiding AEG's non-appearance cover for Michael Jackson's cancelled 2009 comeback concerts.
The filing is attached here: Cathedral Talbot Jackson filing
AEG purchased a partially placed $17.5mn contingency policy from Lloyd's insurers Cathedral and Talbot that came into force in April 2009 and provided cover for cancellation of the first...
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