By Maryam Cockar

Old Mutual PLC (OML.LN) said Tuesday that The Travelers Companies Inc. and St. Paul Fire & Marine Insurance Co. have lodged a claim in a U.S. court against Old Mutual related to previously disposed U.S. assets.

The FTSE 100-listed banking group said the claim lodged in the district court of New York was related to pre-existing head office legacy items.

Old Mutual said it believes that the claim is "without merit and we will resist accordingly."

The company said that it expects the "managed separation" of the assets to be completed by the end of 2018.

Write to Maryam Cockar at maryam.cockar@dowjones.com

(END) Dow Jones Newswires

March 13, 2018 03:37 ET (07:37 GMT)

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