Legal
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US bank will pay customers $385mn to settle case.
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Gardner, Yoder and Durant have asked a judge to dismiss most of MMC’s case alleging a plot to raid Guy Carpenter. -
Daniel Tadros will take up the new role on 1 July.
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The trio who left Guy Carpenter for Lockton Re wish to engage in “meaningful discussions” with MMC, according to a court filing.
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MMC claimed the executive accessed a list of Guy Carpenter’s top employees and financial projections for clients before moving to Lockton.
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Chubb, Allstate and Liberty Mutual are among insurers seeking reimbursement for claims from the utility.
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The trio are temporarily barred from soliciting their former Guy Carpenter clients and ex-colleagues.
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US lawmakers have pushed back the deadline for the flood insurance programme’s expiration to 14 June.
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ACPR vice president Bernard Delas said there was no “interest in letting that row last eternally”.
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Protector and Munich Re are in arbitration in Norway over a claim relating to the 2017 fire which killed 72 people.
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It is hoped the Golden State will be able to have the policy in place from the start of next year, The Insurance Insider understands.
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A New Jersey federal judge rejected insurers’ request to throw out key counts in the lawsuit.
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