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Staff must honour notice periods and restrictive covenants. -
The ruling is another blow to McGriff in its battle over the loss of senior employees to the rival.
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The lawsuit over $74mn in losses from a 2013 data breach is closely-watched by the cyber insurance market.
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CAC asked a judge to throw out a suit over the hiring of 30 employees and leave allegations involving Mike Rice to arbitration.
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The carrier said the blunder last August caused widespread disruption to its business.
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The dispute concerns whether insurers should pay out for damage from fire-related pollution.
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The parties agreed to a “mutual resolution of all claims”, noted Guy Carpenter’s legal counsel.
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The broking giant also resolved its case against four former employees who left for the smaller rival.
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A hearing on the settlement has been pushed back seven times since it was first placed on the bankruptcy court's calendar for September.
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The Hollywood mogul is said to have reached a settlement for the civil cases filed against him.
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Former Burns & Wilcox employees in Colorado, North Carolina and Louisiana allege that the restrictions are unenforceable.
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The payout would remove a major obstacle to the settlement of $11bn in insurance subrogation claims.
