Insight and Intelligence on the London & International Insurance Markets

19 March 2018

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Exin backer sues Fairfield start-up for $41mn

Charlie Thomas 7 February 2018

Matt Fairfield's insurance start-up Exin Group is being sued by the parent company of the entity that has, until now, been its main backer, seeming to end prospects that it will be able to finance its proposed EUR718mn ($888.8mn) takeover of Greek insurer Ethniki.

Calamos Family Partners (CFP) said it was seeking immediate repayment of more than $41mn in principal, plus interest, owed to it by Exin from a series of loan agreements after the start-up allegedly "repeatedly failed to...

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