Lloyd's Insurer Settles Holiday Park's £79M COVID Suit

By Silvia Martelli (November 17, 2021, 5:09 PM GMT) -- A U.K. holiday park operator has reached an agreement to end its £79 million ($106 million) lawsuit against a Lloyd's of London syndicate to recoup some of the money it claims to have lost as a result of the pandemic.

High Court Judge Neil Calver signed off an agreement in a Nov. 10 consent order, which has now been made public, resolving a case brought by Parkdean Resorts UK Group to force Axis Managing Agency Ltd. to honor a business interruption policy.

The order allowed the withdrawal of the claim and said the two sides had "agreed terms." The details of the...

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?
Ask a question!