You can put down your torches – a spat between broking giant Jardine Lloyd Thompson (JLT) and Hyperion Insurance Group (the name behind Howden, DUAL and RKH Specialty) is finally over after the two firms reached a confidential settlement over employee poaching.
The legal battle began in 2019, when JLT saw 47 of its employees join rival Hyperion only months after the broker was bought by Marsh & McLennan. In turn, JLT filed a lawsuit accusing Hyperion of co-ordinating the resignation of these employees to gain clients or force the selling off of certain JLT Specialty divisions.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.