15 April 2015 Insurance

Willis sues JLT following mass defection

Broker Willis has commenced legal proceedings against former employee David Gordon and Jardine Lloyd Thompson following his defection to the rival broker.

At the beginning of April, JLT Specialty poached more than 20 Willis executives to fill its specie, fine art and jewellery ranks. Gordon was appointed as chief executive officer of the division.

Willis is seeking damages for conspiracy and for breach of duty and wrongful interference in the proposed sale of its fine art, jewellery and specie division to Miller through a lawsuit brought before the High Court in London.

The broker said it had applied for an injunction to prevent JLT and Gordon from recruiting further Willis staff.  The judge found Willis had shown there was a serious issue of unlawful activity to be tried but did not grant the injunction as he considered the damage to Willis already done.

“Willis will always pursue legal redress against individuals and companies where we believe unlawful action has compromised the interests of our clients, our employees, the markets we work with and our shareholders. We will defend these interests robustly and intend to pursue this case vigorously to trial for the maximum recovery,” said Willis.


More on this story

Insurance
14 November 2023   The new structure harnesses the benefits of both Lloyd’s and company market capacity.
Insurance
13 November 2023   The exec previously led a professional services firm on Wall Street.
Insurance
8 November 2023   The centre will provide climate risk quantification and management capabilities.

More on this story

Insurance
14 November 2023   The new structure harnesses the benefits of both Lloyd’s and company market capacity.
Insurance
13 November 2023   The exec previously led a professional services firm on Wall Street.
Insurance
8 November 2023   The centre will provide climate risk quantification and management capabilities.

Intelligent Insurer
Newton Media Ltd
Kingfisher House
21-23 Elmfield Road
BR1 1LT
United Kingdom