Legal

Mondelez had filed a $100mn lawsuit against the insurer over payment denial. 

Court documents also revealed that 101 of AerCap’s 116 planes in Russia have been re-registered.

Argo Group has been sued by investors, who claim the company has engaged in inadequate underwriting and misrepresentation of facts which resulted in a 60% drop in the specialty carrier’s common stock value this year.

Stonegate’s case is seen in the market as a key precedent for the aggregation of BI claims.

The High Court of Australia refused leave to appeal a case that had gone in favour of insurers in February.

The Insurance Council of Australia welcomed the news, with CEO Andrew Hall describing it as a “significant milestone”.

The brokers are working on finalizing the terms in a written settlement agreement, which could be filed within two weeks.

The carrier argued it paid the executive the first installment of a $400,000 retention award in March 2020 and the second half in March 2021.

The motion comes a month after Carpenter sued the rival reinsurance broker over the "orchestrated” exit of 12 executives from its Dallas-based practice.

The indictment mentions two unnamed UK reinsurance brokers and an executive who took part in the corruption scheme.

Clubs including Arsenal, Aston Villa and Leicester City are claiming against insurers.

The reinsurance broker also sued five former GC Access leaders who now work at Howden as managing directors.