Lloyd's has told brokers Aon and Benfield of plans to sue them for more than $577.5 million over their role in a disputed insurance policy.
"This is not a decision we have taken lightly," said Lloyd's spokesman Thor Valdmanis. "But our discussions over the last six months have not produced any results, so this is the logical next step."
Both Aon and Benfield issued statements regretting the action and vowing to contest the suit.
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