AceShowbiz -

After filing a lawsuit against insurance company Lloyd's of London over the cancellation of Saint Pablo tour, Kanye West has reached an agreement. Howard King, the attorney representing Kanye's touring company, confirmed in a statement that "the dispute has been amicably resolved."

The terms of the settlement have not been disclosed. However, according to TMZ, the company agreed to pay most of what was due under the policy.

Kanye filed the lawsuit in August last year, about eight months after canceling the tour dates due to exhaustion. He claimed that Lloyd's had never paid out insurance claims for the canceled tour.

A few weeks after West filed the initial suit, Lloyd's filed its own countersuit against the rapper. They alleged that Kanye's reasons for the cancellation were "not beyond [his] control," thereby denying his insurance claim.

The company implied that the rapper might have violated various insurance policy exclusions regarding preexisting conditions and the use of alcohol and drugs. Lloyd's also claimed that Kanye's team was hindering the company's investigation by refusing to "provide information both relevant and necessary for underwriters to complete their investigation of the claim."

Kanye's Saint Pablo tour was canceled back in November 2016 following a series of the rapper's on-stage rants. He slammed Jay-Z as well as Hillary Clinton at his Sacramento show.

"This Saint Pablo tour is the most relevant [thing] happening. If your old a** keeps following old models, you'll be Hillary Clinton," he said at the time. "It's a new world, Hillary Clinton. It's a new world. Feelings matter. Because guess what? Everybody in middle America felt a way and they showed you how they felt. It's a new world, Barack [Barack Obama]. It's a new world, Jay-Z."

Kanye was hospitalized the following the day due to exhaustion. He was released from the hospital in on November 29, 2016 after it had been determined that he had stabilized.