NAB takes captive insurer, Lloyd’s units to court over coverage dispute

Chief Justice James Allsop 2019-05-27 11:06 pm By Miklos Bolza | Sydney

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The National Australia Bank has filed a lawsuit against its Singapore-based captive insurance unit and three syndicates of global insurance giant Lloyd’s seeking coverage for two consumer redress schemes related to the bank’s sale of interest rate hedging products and fixed rate tailored business loans.

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