Perrigo’s insurers are refusing to pay out up to €375 million in cover to meet class actions brought by investors of the global healthcare giant in the United States and Israel. Ten insurance companies, including AIG, Allianz, Chubb, and Lloyds have brought legal proceedings seeking declarations that the Irish-registered pharmaceutical business’s claim is capped at €125 million. The dispute relates to underlying lawsuits and arbitration seeking damages against Perrigo and its former executives, arising from Mylan’s failed $26 billion hostile takeover bid in November 2015. At the time of Mylan’s unsolicited offer, Perrigo told investors that the bid substantially underestimated…

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