Cape settles litigation with Aviva, RSA and Zurich but does not admit liability


Cape, a UK-based manufacturer of industrial materials, has agreed to pay a £52.5 million product liability settlement to three insurers relating to litigation over the carriers' historic employers' liability exposures, however, Cape has not admitted any liability, describing the settlement as "removing the distraction of a likely protracted appeals process".

Cape, Litigation, Aviva, Zurich, RSA, UK

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