Freddie Mac Settles With Lloyd’s in Insurance Row Over SEC Case

Freddie Mac told a federal court it reached a settlement agreement with its Lloyd’s of London insurers, concluding a dispute over coverage for an SEC probe and lawsuit stemming from the mortgage finance giant’s exposure to subprime loans around the time of the 2008 financial crisis.

The government-backed company and its insurance underwriters notified the US District Court for the District of Columbia of the settlement earlier this month and filed a joint motion Jan. 22 to dismiss remaining claims against Lloyd’s, which had issued directors and officers coverage to Freddie Mac along with several other excess carriers.

• Freddie Mac ...