Legal dispute

Marsh and NFP close to settling JLT defectors suit

Chubb discontinues claims against NFL in concussion dispute

Chubb has discontinued its claims in long-running litigation against the National Football League (NFL), following insurers being denied access to the documents from a 2015 $1bn settlement over player concussions.

Integrand dispute with reinsurers moved to arbitration

Puerto Rico insurer Integrand has failed in its efforts to avoid arbitration of its dispute with reinsurers including Everest Re, Odyssey Re and Swiss Re over $56mn of claims from 2017’s hurricanes Irma and Maria.

Lockton in settlement discussions with Alliant defectors

Settlement discussions are taking place in the litigation between Lockton and former producer members that joined Alliant earlier this year, including former CEO of the Mountain West Series Charles McDaniel.

Argo sets shareholder ‘special meeting’ vote eligibility deadline

Argo Group International Holdings has chosen a ‘record date’ of 8 January to determine which of the specialty (re)insurers’ shareholders will be able to vote on activist investor Voce Capital’s calls for a ‘special meeting’, where it proposes to replace five Argo board directors with its own nominees.

Guy Carpenter says close to resolving dispute with Lockton Re defectors

Guy Carpenter is close to resolving its dispute with three executives that left to launch the Lockton Global Re platform, according to a letter filed with the court yesterday (4 December).

Burns & Wilcox denied TRO in CRC dispute

Burns & Wilcox has been denied a temporary restraining order and preliminary injunction in its litigation with rival wholesale broker CRC Group over the hiring of almost 50 of its employees.

CRC hits back at “frivolous” Burns & Wilcox emergency motion seeking TRO

CRC Insurance Services has responded to rival wholesale broker Burns & Wilcox’s emergency motion for a temporary restraining order and preliminary injunction by questioning the timing of the filing and slamming the litigation as “baseless”.

Burns & Wilcox steps up CRC dispute with emergency TRO motion

Burns & Wilcox has filed an emergency motion for a temporary restraining order and preliminary injunction in its dispute with CRC Insurance Services, revealing that 46 employees have now defected to the rival wholesale broker.

Argo questions legitimacy of Voce’s proposed ‘special meeting’ to replace board members

Bermudian carrier Argo has hit back at Voce and its call for shareholders to support a ‘special meeting’ – where it could ultimately replace five members of the board – questioning if the activist investor’s approach to shareholders complied with “applicable law and regulations”.

Quindell facing UK shareholder class action

Quindell, the disgraced UK insurance services group now known as Watchstone Group plc, is facing a UK securities class action.

Holtmeier files motion to dismiss claims brought against him by GC-JLT Re

BMS’s chief strategy officer for reinsurance in the US Gregg Holtmeier has filed a motion to dismiss most of the claims brought against him by his former employer JLT Re and Guy Carpenter alleging breach of contract and other charges.

Marsh sues Cobbs Allen over 30 hires for CAC Specialty

Marsh has followed McGriff Seibels & Williams in suing over hires by CAC Specialty, the new brokerage launched by Cobbs Allen earlier this year.

NJ Transit excess insurers must cover $400mn limits for Sandy loss: court

An appeals court has ruled that excess insurers’ $100mn flood sublimit does not apply and New Jersey Transit (NJT) is entitled to coverage up to the full $400mn policy limits for Superstorm Sandy-related water damage.

Target sues Chubb for denying coverage for data breach payments

Target has sued Chubb for denying coverage related to $74mn of settlements with banks stemming from the US retailer’s 2013 data breach.

Rochester diocese latest institution to sue insurers over CVA claims

The Diocese of Rochester has sued insurers including CNA, Markel and Lloyd’s underwriters for breach of contract and declaratory judgment over the deluge of child abuse claims that led it to file for bankruptcy.

EPIC surety hire barred from competing with Marsh until August 2020

A court has ordered that EPIC’s Southwest region surety practice leader, who joined from Marsh in July, must not compete with his former employer until August next year or pending trial.

Gallagher’s Matson apologises for “insensitive comments”

Chief executive of Gallagher UK, Simon Matson, has apologised for comments that came to light during a heated court battle with the Ardonagh Group over the alleged poaching of staff and business.

Sexual harassment whistleblower sues TMK: report

An in-house solicitor at Tokio Marine Kiln who blew the whistle on alleged sexual harassment and other inappropriate behaviour is suing the Lloyd’s insurer for labels of mental instability and financial motivation, after an April complaint about the firm’s culture of bullying and discrimination.

Alliant to “vigorously defend” Aon construction hires lawsuit

Alliant has said it will “vigorously defend” against a lawsuit brought by Aon in relation to the California-based retail broker’s hiring of seven executives from its larger rival’s Construction Services Group (CSG).

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