-
The indictment mentions two unnamed UK reinsurance brokers and an executive who took part in the corruption scheme.
-
All claims and counterclaims in the case were dismissed with prejudice, barring the parties from bringing the dispute to another US court.
-
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.
-
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.
-
The InsurTech called the broker a “serial litigant”, notorious for enforcing restrictive covenants to former employees.
-
The judge’s order to dismiss the case did not disclose whether any money exchanged hands as part of the settlement.
-
Argo sued K2 in May claiming that the team lift-out was accomplished through breaches of fiduciary duty and contract.
-
The parties did not disclose whether any money changed hands to settle the legal proceedings.
-
The parties did not disclose whether any money changed hands to end the legal proceedings.
-
Mercury Insurance denies allegations that it did not comply with the state’s consumer protection laws.
-
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.