Mulsanne accuses Marshmallow of stealing trade secrets in court battle
Mulsanne says it has suffered loss and damage of at least £39m, as judge orders Marshmallow to disclose information relating to the case.
Marshmallow Financial Services has been ordered to disclose the rating tables and underwriting rules used by its insurance arm, Marshmallow Insurance, in the latest development in an ongoing court battle with Mulsanne Insurance Company.
Gibraltar-based Mulsanne filed legal proceedings against insurtech start-up Marshmallow Financial Services and Marshmallow Insurance last month, claiming damages of at least £39m.
In a filing dated 1 April 2021, Mr Justice Marcus Smith, the judge overseeing the
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