XL Catlin v Orbit Underwriting court case settled
Case against wholesale broker, which is in administration, related to the misuse of funds.
A court case between XL Catlin and wholesale broker Orbit Underwriting has been settled in the High Court of Justice.
XL Catlin’s claim in the Property and Business Courts was filed against Orbit, director Stuart Lowe and former director Lee Stevens and related to the misuse of funds.
Axa XL declined to comment on the particulars of the case.
Administration
Orbit went into administration last November and a report published in June revealed that the administrator, CG & Co, is investigating a
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