Legal
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In a press statement, the company decried lawsuits filed by QBE against four Applied employees, and against Applied itself for hiring them.
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The New Jersey Superior Court rejected insurers’ attempts to apply a war exclusion to prevent paying out for BI losses.
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The brokers will have until early 2023 to settle the case via private mediation or the case will move forward to a jury trial that could last between seven and 10 days.
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Ashley Bowell was found guilty of defrauding his former employer, and its insurer Aspen, after falsely claiming to have been injured at work.
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A judge for the Miami-Dade County Court has ordered Aon and individual defendants in the Miami facultative team poaching case to avoid doing reinsurance brokerage business with the defendants’ former Willis Towers Watson clients.
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The Markel Catco Reinsurance Fund and Markel Catco Reinsurance Opportunities Fund have already had provisional liquidators appointed for restructuring purposes.
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Beazley tried to recover $6.5mn in claim costs from Prime on a policy which it led.
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Chubb’s Vigilant, Lloyd’s syndicates and Travelers were turned away in Bear Stearns case over payment fund for investors in 2003 SEC probe.
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The agreement ends non-solicitation action against the team of brokers, led by Cameron Roe and chairman Tony Phillips.
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IAG said it was still reviewing the judgment to determine whether to appeal any aspects of the ruling.
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The carrier said its $110mn net claims burden will be unaffected.
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The judgment ruled that clauses in insurers’ BI policies covering infectious diseases meant cover was only present for closures relating to an outbreak on assureds’ premises specially.
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