AXA Unit Sues UK Insurance Brokerage For £2.3M Debt

Law360, London (September 3, 2019, 4:03 PM BST) -- A subsidiary of insurance company AXA XL Ltd. has launched legal proceedings in London against another brokerage for breach of contract, claiming that the firm has refused to pay a £2.32 million ($2.80 million) debt that arose from policies they jointly arranged.

XL Catlin Insurance Company UK Ltd. claims that Rural Insurance Group Ltd. has paid it just £101,000 of £2.42 million it allegedly owes under a deal entered into by the companies in 2014.

In its claim, filed with the High Court on Aug. 16, XL Catlin has alleged that Yorkshire-based Rural Insurance is in breach of trust and fiduciary...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Companies