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According to court documents, eight of the broker’s former employees departed for the InsurTech’s new Boston office over a two-week period. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The motion comes a month after Carpenter sued the rival reinsurance broker over the "orchestrated” exit of 12 executives from its Dallas-based practice.
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A California court has denied a bid for $125mn in coverage following the forced suspension of filming.
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The indictment mentions two unnamed UK reinsurance brokers and an executive who took part in the corruption scheme.
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All claims and counterclaims in the case were dismissed with prejudice, barring the parties from bringing the dispute to another US court.
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The reinsurance broker also sued five former GC Access leaders who now work at Howden as managing directors.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The new deadlines set last week after a hearing suggest that recent settlement negotiations between the brokers to end the case via private mediation did not come to fruition.
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The InsurTech called the broker a “serial litigant”, notorious for enforcing restrictive covenants to former employees.
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The judge’s order to dismiss the case did not disclose whether any money exchanged hands as part of the settlement.
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Argo sued K2 in May claiming that the team lift-out was accomplished through breaches of fiduciary duty and contract.
