A proposed partial class action settlement has been reached with some, but not all, of the
Lloyd’s Syndicates who are Defendants in the case and sold insurance to policyholders in
the United States (the “Settlement”). Plaintiffs assert causes of action against the Defendants
for violation of the Racketeer Influenced and Corrupt Organizations Act, civil conspiracy, and
unjust enrichment based on allegations that Defendants engaged in a deceptive scheme to
conceal the lack of competition in the Lloyd’s Market. The Settling Defendants deny the
allegations made against them.
The Settling Defendants have agreed to make separate payments to settle the claims
against them. The total amount of these payments is $21,950,000.
How do I get a payment?
To receive a payment, Class members must submit a Claim Form by October 25, 2019