Broker lawsuits proliferate as talent moves on Judy Greenwald

Source: Business Insurance

July 01, 2019 Mergers and acquisitions, a talent shortage, competition for business and anger over alleged disloyalty are fueling increased litigation in the brokerage sector as firms more frequently charge departing employees with violations of nonsolicitation and noncompete agreements. Recent litigation has included several suits filed in the wake of Marsh & McLennan Cos. Inc.’s acquisition of Jardine Lloyd Thompson Group PLC, but litigation involving several other brokers has also been filed. Amid warring brokers, risk managers — who can do business with whomever they choose — are left to decide whether to remain with their departing producer, stay with their current firm, or going to a third broker