Insight and Intelligence on the London & International Insurance Markets

9 February 2012

AmWins latest to take legal action against Ryan Specialty

1 September 2010

US broker AmWins has become the second wholesale giant to lock horns in legal action with industry veteran Patrick Ryan's ambitious start-up, Ryan Specialty group (RSG), and its new wholesale broking arm R-T Specialty.

Court documents reveal that private equity-backed AmWins filed a complaint against former senior broker Dave Austin and R-T Specialty accusing the two of misappropriation of trade secrets after Austin jumped ship to join the new Ryan venture.

AmWins claimed that Austin was using secret trade information...

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