Legal
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The motion seeks discovery of information and documents about the structure and operation of White Rock’s cells. -
The payment represents the largest ever made in a team lift case in the London market.
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An internal missive, seen by Insurance Insider, also revealed Howden has agreed to a ‘set of demands to make amends’ in the wake of poaching settlement.
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The two rival brokers have reached an out-of-court settlement over the poaching of 38 Guy Carpenter staff by Howden.
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Avenue Capital-backed Greylag claimed that insurers denied coverage of the two lost aircraft, which have a value of nearly $110mn and $120mn, respectively.
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A worldwide freezing injunction was issued to Alex and Robert Finch, the former directors of AFL Insurance Brokers, after they were found to have committed fraud.
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The former owners of AFL Insurance Brokers have been ordered to pay damages totalling £6.1mn after being found guilty of fraud and of breaching director duties.
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In total, 242 claimants have launched legal action against a group of eight insurers.
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The InsurTech claims five former staff, including the CEO and CFO, forged signatures and impersonated bank staff.
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A Delaware judge has ruled in favour of Vesttoo’s automatic stay in the bankruptcy case.
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The football club initially sued the broker for £10mn in a claim connected with the death of the footballer in a 2019 plane crash.
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In the initial court documents, Aon alleged its rival broker and former head of PFI “conspired unlawfully” to recruit key members of the team.
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