Legal

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.

Beazley tried to recover $6.5mn in claim costs from Prime on a policy which it led.

Chubb’s Vigilant, Lloyd’s syndicates and Travelers were turned away in Bear Stearns case over payment fund for investors in 2003 SEC probe.

The agreement ends non-solicitation action against the team of brokers, led by Cameron Roe and chairman Tony Phillips.