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The reinsurance broker also sued five former GC Access leaders who now work at Howden as managing directors. -
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.
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The parties did not disclose whether any money changed hands to settle the legal proceedings.
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The parties did not disclose whether any money changed hands to end the legal proceedings.
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Mercury Insurance denies allegations that it did not comply with the state’s consumer protection laws.
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In the lawsuit, filed last week in a New York court, WTW is seeking injunctive relief and compensatory damages over a year after Lockton lured the executives.
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The discovery process will run through August and September, and the court will hold a hearing on Aon’s motion for a preliminary injunction on October 12.
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The complaint was filed yesterday in Illinois and judge Martha Pacold is overseeing the case.
