XL Catlin settles law suit against Rural Insurance Group - report

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XL Catlin Insurance Company has settled a breach of contract law suit which it brought against Rural Insurance Group, reports Law360.

According to the article, the Axa XL subsidiary filed a claim in the High Court in August, which said that Yorkshire-based Rural had only paid £101,000 of £2.42m it allegedly owed under a deal in 2014.

XL Catlin claimed that Rural was in breach of trust and fiduciary duty for not keeping the funds separate from its own. The two businesses reached a settlement

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