Insurer Kicks Off £39M Trade Secrets Deal Against Fintech

By Lucia Osborne-Crowley (November 16, 2021, 3:00 PM GMT) -- An insurer told a London court on the first day of a £39 million ($52 million) trial Tuesday that its ex-partner committed a flagrant breach of its fiduciary duty when it used the insurer's confidential information to set up a competing business.

Mulsanne has told the High Court that it is owed damages by Marshmallow Financial Services, saying the fintech agreed to write its motor vehicle insurance policies, but later tried to transfer them to its own new insurance business. (AP Photo/Kirsty Wigglesworth) Mulsanne Insurance Co. Ltd. told High Court Judge Anthony Mann in its opening arguments that it is owed...

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