This week in Post: Ardonagh in the clear
A long-awaited judgment in the legal wrangle between Ardonagh and Gallagher came today, clearing Ardonagh of wrongdoing.
The case centered around allegations that Ardonagh subsidiaries poached staff from Gallagher’s Alesco.
Gallagher had sought almost £10m, but the judge said it was owed just £100,000 for one breach of contract.
Gallagher will pay £3.1m towards the defendants’ legal costs.
In other news this week, we reported that “outlier” companies are driving up the number of credit hire claims worth £100,000 and over.
AIG revealed it will launch a Lloyd’s high-net-worth syndicate at the start of next year.
The Civil Liability Act (2018) could leave children at risk of struggling to access compensation, an association warned.
In addition, the insurers most and least likely to suffer fallout from the Financial Conduct Authority’s pricing practices review were revealed by an analyst.
Q3 results have also started to trickle in. Travelers saw an underwriting loss for the quarter, amid a “challenging” tort environment.
A Hastings trading update revealed it has been prioritising pricing discipline, leading to a fall in new business competitiveness.
In opinion, I looked back at a blog I wrote last year called ‘Your dick is not in my job description’, which dealt with issues of sexism and sexual harassment in the industry, and reflected on a tough year in the spotlight for the industry’s culture.
Preparing for Brexit was another hot blog topic and Igo4 CEO Matt Munro addressed misconceptions in the latest edition of Telematics Watch.
Our feature this week asked whether the industry is missing a trick with electric vehicles.
Enjoy the weekend.
Jen Frost, news editor
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