Merrill Lynch & Co In said Wednesday that it filed a lawsuit against XL Capital Assurance Inc.
Merrill said it filed the suit to make clear that XL Capital Assurance, a unit of Security Capital Assurance Ltd , is required to meet its contractual obligations for credit default swaps.
The brokerage is seeking a court order that each of the credit default swaps remains in full force and effect.
(Reporting by Chris Reiter, editing by Gerald E. McCormick/Andre Grenon)
Topics Lawsuits
Was this article valuable?
Here are more articles you may enjoy.
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers 
