Howden-Guy Carp Reina poaching settlement exceeds £50mn
Howden has agreed to pay Guy Carpenter in excess of £50mn ($61mn) to settle the poaching suit relating to Massimo Reina and a European team of executives in order to swerve a High Court case, this publication can reveal.
Sources said that Howden has also agreed to a substantial period of hiring restrictions and client non-solicitations as part of the settlement deal, details of which are confidential.
Uncover exclusive insights tailored for insurance leaders
- Stay Informed: Access exclusive industry insights
- Gain a competitive advantage: Hear first about tactical developments
- Make better decisions: Understand market dynamics in crucial lines of business