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The broker said it will engage in “meaningful discussions” over concerns Tim Gardner, Nicholas Durant and Claude Yoder violated a court order. -
All policies underwritten by the carrier will be cancelled from the beginning of November.
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David Littell is barred under the court order from contacting old clients at Willis Re.
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A judge said there was no evidence the brokers’ conduct was “wrongful, malicious, unlawful or unjustified”.
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The two cases follow an earlier complaint over alleged mis-selling of insurance filed in July.
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The company at the center of the opioid crisis is now struggling to renew casualty cover expiring 1 October.
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The company filed for bankruptcy after a fire tore through a Philadelphia refinery on 21 June.
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Companies including Lloyd’s underwriters, Sompo Holdings, Berkshire Hathaway filed a lawsuit accusing primary insurers demanding “unreasonable allocation”.
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More than 20 other carriers are still pursuing the case, including Markel, Chubb and Munich Re.
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A New York federal judge said "it's not enough" for investors "to prove an opinion is wrong".
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The proposal would provide less than half of what insurers are seeking.
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A shareholder’s lawsuit claims AmTrust purposely misled shareholders about the delisting to secure support for a buyout deal.
