Marsh McLennan
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Fears relating to an economic downturn continue to dominate concerns. -
Marsh has accused its former execs of flouting a preliminary injunction.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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The lawsuit alleges that Marsh misnamed the insured party on the policy.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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Liberty recently restructured its UK and MENA underwriting leadership.
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Chris Lay will retire from the business in Q1 2026.
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A motion by defendants to dismiss the case was also denied.
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Tim Wakeman joined Marsh in 2021 and previously worked at Elseco.
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The move comes after the withdrawal of a complaint in the Delaware court.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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The Marsh-placed account renews its all-risks cover on 16 November.
