Lloyd’s Syndicate Drops Injury Coverage Suit Against Energy Firm

A Lloyd’s syndicate is dropping its suit against a Texas-based oil and gas producer over insurance coverage for a personal injury suit alleging exposure to hydrogen sulfide gas at a California site.

Markel Syndicate Management Ltd. filed a notice of dismissal without prejudice Wednesday in the US District Court for the Southern District of Texas.

• Markel Syndicate Management—the Lloyd’s syndicate’s managing agent suing on its behalf—brought a complaint against Team Operating LLC in July, seeking a declaratory judgment on its coverage obligations under general liability and excess policies.
• The underlying personal injury suit alleged an employee of a ...