UK COURT REJECTS CLAIMS BASED UPON DEFECTION OF LLOYD’S BROKERS TO A COMPETITOR FIRM
The defection of three brokers from Global Risks, a Lloyd’s insurance and reinsurance broker, to competitor Tyser & Co., gave rise to claims of breach of contract, violation of employment and fiduciary duties and conspiracy, due to the alleged solicitation by the defectors of clients and employees of Global Risks. The court rejected the claims for different reasons for each claim, including lack of duty, failure of proof and lack of damage. If you are interested in a description of how a Lloyd’s broker works, this would be an interesting opinion to read. Lonmar Global Risks Limited v. West, [2010] EWHC 2878 (Queen’s Bench Nov. 11, 2010).
This post written by Rollie Goss.
