Argus, Tremont settle Madoff insurance suits

Argus Group Holdings Ltd and Tremont International Insurance Ltd have reached a settlement with buyers and holders of life insurance and annuity policies lost in the Bernard Madoff fraud, according to court documents on Tuesday.

The lawsuits were filed following the arrest in December of former Nasdaq non-executive chairman Madoff, who is serving a 150-year prison sentence after pleading guilty to running a Ponzi scheme of as much as $65 billion...

Reuters: Argus, Tremont settle Madoff insurance suits
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