Towergate claims victory in Chaucer spat
Towergate has reached an out of court settlement with Chaucer, bringing an end to the High Court case it brought against the insurer.
Towergate claimed in the writ that Chaucer had poached its staff and that these staff were subsequently in breach of their restrictive covenants.
Towergate chairman Peter Cullum said: "We are pleased this matter has been resolved and that Chaucer has acknowledged its mistakes in respect of the employee covenants for the five staff involved.
"Whilst receiving damages and costs this was not my main aim which was to help restore the integrity of the insurer/broker relationship regarding customer
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Acrisure expands in southern England with two buys
- Ardonagh strikes A$2.3bn PSC deal
- Cost-of-living crisis pushes up premium finance demand