Munich Re Unit Inks Settlement After £6M Mansion Fire

Law360, London (June 6, 2019, 12:51 PM BST) -- Four brothers who bought a 19th century mansion only for it burn down less than year later as it was being restored have settled their £6 million ($7.6 million) lawsuit against a subsidiary of German insurance giant Munich Re for failing to pay out, according to court documents.

Salim, Imtiaz, Imran and Zakir Patel agreed a settlement with HSB Engineering Insurance Ltd. on May 20, little more than a year after they sued the insurer for failing to indemnify them for damage to Alston Hall, a 32-room Gothic property in the northern county of Lancashire.

The property went up in flames in March...

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