Court orders AIG to pay Ageas £12.6m in Kwik Fit case
The High Court has ordered AIG to pay Ageas £12.6m in its long-running dispute over liabilities relating to Ageas's £215m acquisition of Kwik Fit's insurance arm in 2010.
Ageas claimed under warranty and indemnity cover it purchased from AIG in respect of losses arising from breaches of warranty by Kwik Fit in excess of the share purchase agreement cap on liability.
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