Herbies’ ‘baseball’ deal saves Winterthur $830m
Herbert Smith’s insurance litigation team has saved insurance company Winterthur $830m (£468.9m) through a ‘baseball arbitration’ with XL Insurance. Partners David Reston and Chris Foster, instructing 7 King’s Bench Walk co-head Julian Flaux QC, negotiated the settlement on behalf of Winterthur following the sale of its international insurance operations to XL in 2001. The companies agreed […]