Insurer Accuses Ex-Partner Of Stealing £39M Trade Secrets

Law360, London (March 22, 2021, 6:25 PM GMT) -- A Gibraltar-registered insurer says it is owed at least £39 million ($54 million) from Marshmallow Financial Services, accusing the company of stealing trade secrets to set up a direct competitor.

Mulsanne Insurance Company Ltd. alleged in a High Court claim made public on March 11 that Marshmallow stole confidential information used to price motor and rate insurance policies to set up its own rival insurance arm, Marshmallow Insurance Ltd.

Mulsanne says that Marshmallow received access to its unique data model in 2018. The two sides signed a business agreement that year for Marshmallow to promote and distribute a new motor insurance...

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!