Legal dispute

AssuredPartners and CAC settle dispute over senior living hires

AssuredPartners has reached a settlement with four former executives in its senior living practice and CAC Specialty, which will bring an end to a legal dispute in Oregon.

Biba honours entrepreneur facing allegations over AFL sale

The British Insurance Brokers’ Association has awarded Alec Finch its 2023 Francis Perkins Award, shortly before the broking veteran defends allegations of fraud and breach of contract over the 2017 sale of his company AFL.

USI’s injunction expanded against former employees that joined Lockton

A federal judge in Florida has reaffirmed an injunction against a Matt Simmons-led team that left USI to join Lockton in January, and expanded it to cover two more former USI employees.

Ex-Cooper Gay CEO Esser sues AFL trio in £9.38mn fraud and breach of contract claim

Former Cooper Gay CEO Toby Esser is accusing the founder and senior management team at AFL Insurance Brokers of fraudulently misrepresenting the company’s financials and using client trust accounts funds in a £9.38mn damages claim.

Lessor hits Liberty and AGCS with $70mn legal claim over Russia planes

An Irish aircraft lessor is seeking to claw back at least $70mn from subsidiaries of Liberty and Allianz Global Corporate & Specialty in yet another legal action over aircraft seizures by Russian operators following the country's invasion of Ukraine.

Clyde & Co informs (re)insurers it can no longer represent them in Russia aviation lessor dispute

Insurance law firm Clyde & Co has informed a number of specialty insurers and Lloyd’s syndicates it can no longer represent them in the multi-billion dollar UK legal disputes brought by aviation lessors over assets trapped in Russia, The Insurer can reveal.

Appeals panel backs Merck in $1bn+ NotPetya coverage dispute

A New Jersey appeals court panel has backed a lower court decision that Merck’s property insurers led by Chubb cannot rely on a war exclusion to exclude more than $1bn in damages caused by the 2017 NotPetya malware attack.

Lloyd's Carnegie-Brown expects insurer settlements on Russia lessor claims

Lloyd's expects (re)insurers will eventually reach a settlement with aircraft lessors on claims made over the loss of hundreds of aircraft and engines trapped in Russia following the country’s invasion of Ukraine.

MS Amlin and New India targeted in fresh wave of Covid-19 BI disputes

A British cosmetics business is suing MS Amlin’s Lloyd’s unit for more than £100,000, becoming the latest in a new wave of policyholders seeking to claw back business interruption losses caused by the pandemic lockdowns.

London insurers lose appeal over £4.2mn Ukrainian grain scam

A group of London market (re)insurers have lost their Supreme Court bid to overturn a judgment which forces them to pay out £4.2mn ($5.2mn) to a Swiss soft commodities trader that was defrauded in a grain scam operating out of Ukraine.

AIG and Liberty Mutual hit by $23mn London suit over Russia-Ukraine claim

Irish aircraft lessor Rise Aviation has sued its insurers AIG and Liberty Mutual in an attempt to claw back more than $23.1mn for an aircraft it claims to have lost as a result of the conflict between Russia and Ukraine.

Aircraft lessor BOC Aviation awarded $406mn for planes stranded in Russia

A judge in New York has ordered Russia's largest cargo airline AirBridgeCargo Airlines LLC and its parent Volga-Dnepr Logistics BV to pay aircraft lessor BOC Aviation $406.2mn for aircraft seized following Russia's invasion of Ukraine.

Liberty and Aviva fight back against Fuller’s multi-million pound BI claim

Insurers Liberty Mutual and Aviva have hit back in a multi-million pound lawsuit brought by UK pub owner Fuller’s over pandemic-related BI losses, arguing that the sum insured covers all premises controlled by the group combined and not on an individual basis.

Chubb denies liability in AerCap’s $3.5bn seized Russian aircraft legal case

US insurance giant Chubb has become the fifth insurer to file its defence in AerCap’s $3.5bn legal claim, arguing the world’s largest aircraft lessor is not entitled to a payout over planes stranded in Russia.

Ireland’s regulator bans former RSA exec over accounting scandal

Former RSA Ireland chief actuary Martin Ryan has been banned by the country’s financial services watchdog for his role in an accounting scandal which cost the UK-based insurance group €400mn.

Convex and Lancashire hit with $44.9mn suit over confiscated aircraft in Russia

Aircraft lessor WWTAI AirOpCo II DAC has hit subsidiaries of London-Bermuda specialty carrier Convex and Lancashire with a $44.9mn legal claim in yet another action over aircraft seizures by Russian operators.

Guy Carp picks London to sue rival Howden Tiger and its founder over 30+ European hires but no injunction

Guy Carpenter has taken legal action against Howden Tiger - including suing Group CEO David Howden personally - in the wake of a raid by the latter intermediary that has included the hiring upwards of 30 colleagues from the European operations of its Marsh McLennan-owned larger rival.

Argo responds to shareholder complaints over “incomplete or misleading” proxy statement on Brookfield deal

Argo has responded to shareholder complaints by voluntarily supplementing the proxy statement for its $1.1bn Brookfield Re sale following criticism that omissions in the original statement had rendered it “incomplete or misleading”.

Crawford’s Blanco: Social inflation broadening beyond the US

While the impact of social inflation has so far largely been confined to the US, the trend is beginning to pick up elsewhere around the world as third-party litigation funding extends its reach, Crawford & Company president Joseph Blanco has warned.

PIB settles long-running poaching dispute with former director

PIB Group has reached an out-of-court settlement with a former director of its Lincoln office to end a bitter legal dispute in which the broker consolidator alleged breach of contract from the defendant soliciting clients before he left to join a rival.

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