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Underwriters Deny Liability For ABN Amro's £35M Cargo Loss

By Bonnie Eslinger ( December 14, 2020, 8:25 PM GMT) -- Counsel for 14 underwriters told a judge during trial closing arguments Monday that it would have been commercially "absurd" for them to provide a financial guarantee to an ABN Amro Bank NV subsidiary that turned around and filed a £35 million ($46 million) claim after a commodities deal went bust. . . .

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