Lloyd's of London is to take legal action against
insurance brokers Benfield and Aon over their role in placing a policy which triggered a high-profile court battle between the London insurance market and six insurers last year.
Lloyd's is seeking £325m in compensation from the two brokers, according to a spokesperson.
Lloyd's General Counsel, Sean McGovern said: "We are now actively pursuing this claim through the courts. This is not a decision which has been taken lightly."
