Legal

The start-up said its survey shows that SPAC and de-SPAC claims would drive increasing litigation throughout 2022.

The 30-person team move represented the latest raid from the UK-headquartered broker on Marsh McLennan.

The court upheld decisions made in October, although it reversed some elements of the case between IAG and Meridian Travel.

The insurer will now seek an investigation into the impact of the information misuse.

With a Bermuda court ruling still pending over the firm’s proposed buy-out, Markel has negotiated a deal to counter US litigation.

The ruling means the insurer will experience a significant favourable impact on previously booked reserves.

In a press statement, the company decried lawsuits filed by QBE against four Applied employees, and against Applied itself for hiring them.

The New Jersey Superior Court rejected insurers’ attempts to apply a war exclusion to prevent paying out for BI losses.

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.

Ashley Bowell was found guilty of defrauding his former employer, and its insurer Aspen, after falsely claiming to have been injured at work.

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.

The Markel Catco Reinsurance Fund and Markel Catco Reinsurance Opportunities Fund have already had provisional liquidators appointed for restructuring purposes.