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Judge rules Tyson Foods’ captive can sue reinsurer over Alabama fire payout in England 

An England & Wales High Court Judge has ruled that Tyson International Company, Ltd (TICL), a pure captive owned by Tyson Foods Inc, can pursue litigation against reinsurer GIC for payouts following a fire that occurred at one of its Alabama food plants on.

Tyson foods owns a large property portfolio and insured its property risks with its Bermuda-domiciled TICL. 

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