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Atradius can’t bring late $1.5B claim over Arrium administration
Alexander Di Stefano 2023-05-03 10:25 pm By Cindy Cameronne

Insurer Atradius has lost its bid to bring a $1.5 billion (US$1 billion) case against four KordaMentha liquidators and 60 financiers of the Arrium group alleging they failed to act under a duty of utmost good faith when agreeing on how to divvy up sale proceeds for several entities.

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Failed insurance brokerage can’t get cover from Chubb for director’s alleged theft
Chief Justice James Allsop 2021-07-12 3:47 pm By Cindy Cameronne

A judge has denied defunct insurance broker All Class Insurance its bid for indemnity cover for the alleged theft of company funds by its director, finding the director misappropriated trust funds and fraudulently did not disclose the conduct to insurer Chubb Insurance.

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