Marsh McLennan
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The federal judge said South has direct knowledge about a previous raid involving Aon. -
The company also promoted Zulma Suarez to CEO of Colombia and Venezuela.
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A motion to dismiss argues the case should not have been filed in federal court.
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The policy includes a $200mn limit with an additional $100mn for side A coverage.
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Investors recalibrate their expectations for the segment as the soft market approaches.
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The case is the latest in a series of lawsuits alleging Alliant raided MMA for talent.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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Fears relating to an economic downturn continue to dominate concerns.
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The company has been growing rapidly since the summer, with at least 300 currently employed.
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Marsh has accused its former execs of flouting a preliminary injunction.
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Last month, Insurance Insider US revealed that MMA was set to buy Atlas following a sale process.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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GC continues to pursue Willis Re and individuals in court.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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Building electrical capacity quickly requires carriers to do due diligence on who’s behind the new power plants.
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A motion by defendants to dismiss the case was also denied.
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The move comes after the withdrawal of a complaint in the Delaware court.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The dismissal comes after the judge in the case had stayed it just a day earlier.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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Earlier this year, this publication revealed that Atlas was considering a potential sale.
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The Marsh-placed account renews its all-risks cover on 16 November.
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Marsh is also suing a second tier of former Florida leaders.
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Success in the soft market will be had when careful preparation meets opportunity.
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The executive will fill the role previously held by Howden’s Figliozzi.
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Some disagreement remains in where rate declines have been swiftest and how much further they could go.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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Property insurance rates declined by 9%, the same as in the prior quarter.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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Early Q3 earnings reports point to worsening market conditions.
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Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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The selloff may hint at headwinds for equity investors.
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The broker’s new business and client services division is targeting $400mn of savings.
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Earlier this week, the broking house announced a rebrand to Marsh.
