Axis Capital in talks to settle Blue City loss; $340mn credit recoverables on balance sheet
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Axis Capital in talks to settle Blue City loss; $340mn credit recoverables on balance sheet

04 March 2010
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Axis Capital is in talks to settle exposures from its credit insurance of $399mn of bonds underpinning Blue City - the crumbling $20bn project to build a giant conurbation on the Oman coastline.

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