Two former employees of U.S. firm Guy Carpenter & Company LLC were found liable for conspiring with South Korea’s LK Insurance Services Ltd. to divert Samsung Fire and Marine Insurance’s business to LK Re, a new reinsurer that the pair helped establish in Singapore, Channel News Asia reported. A Singapore High Court judge said the brokers breached duties of good faith and post-employment restrictions, with one also found to have leaked confidential information that allowed a competitor to undercut Guy Carpenter’s pricing.
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