XL Catlin settles law suit against Rural Insurance Group - report


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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: