A Victorian County Court proceeding brought by Australian fast bowler Mitchell Starc over a disputed claim has been dismissed after an in-principle settlement with underwriters at Lloyd’s.

Court documents show the proceeding was dismissed with a right of reinstatement, with no order as to costs. No further details of the agreement were provided.

Mr Starc sued Lloyd’s over a declined total disablement policy claim after he missed the lucrative Indian Premier League (IPL) season in 2018 due to injury. He has been seeking $1.51 million, plus interest.

Documents filed last year by Mr Starc’s lawyers Mills Oakley stated the period of coverage began on 27 February 2018 and ended on 31 May the same year. Mr Starc paid a premium of $97,920.

Mr Starc was contracted to play in the April and May 2018 Indian Premier League for the Kolkata Knight Riders cricket team, and the insurance contract was triggered when he withdrew through injury, according to his lawyers.

His writ stated that on March 10, 2018, he suffered a leg injury while playing with the Australian cricket team in Port Elizabeth, South Africa.

Lloyd’s rejected the claim, saying his injury did not meet the policy requirements for payment.

Mr Starc had not "suffered total disablement as a result of a bodily injury as defined by the policy contract”, a document filed in May last year by legal representatives Clyde and Co says.

No further comment was available from Mills Oakley or Lloyd’s counsel, Clyde and Co.