Syndicates settle $22mn in subscription market class action
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Syndicates settle $22mn in subscription market class action

Anna Sagar
03 July 2019
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Legal office of lawyers, justice and law concept : Wooden judge gavel or a wood hammer and a soundboard used by a judge person on a desk in a courtroom with a blurred brass scale of justice behind.

A partial settlement of almost $22mn has been reached with 13 Lloyd’s syndicates in a class action suit that alleges syndicates conspired to increase profits and revenues, and hid a lack of competition in the Lloyd’s market.

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