AXA Sues Santander Over £624M PPI Payouts

Law360, London (March 26, 2021, 6:34 PM GMT) -- French insurance giant AXA is suing two arms of the Santander Group in the High Court for £624 million ($860 million) as it seeks to claw back payouts it has had to make to policyholders for missold payment protection insurance.

AXA France Iard SA and AXA France Vie SA, two subsidiaries of the French insurer, argue in a March 5 claim at the High Court that has just been made public that Santander should compensate AXA for millions of pounds in insurance payouts that AXA had to make to victims of the misselling scandal.

The claim is against Santander Cards U.K....

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

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?
Beta
Ask a question!